Business
Regulators Approve Muskeg River Mine Expansion
Regulators Approve Muskeg River Mine Expansion.
About this update from Mapath Capital Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Dec. 21 /CNW/ - Shell Canada announced today that, following the\njoint federal and provincial review, the Alberta Energy and Utilities Board\n(AEUB) and the Government of Canada have approved the Muskeg River Mine\nExpansion, an integral part of AOSP Expansion 1.\n\n\n\"We are pleased to have reached this important milestone on our project,\"\nsaid Brian Straub, Senior Vice President of Oil Sands for Shell Canada\nLimited. \"We appreciate the support shown by our local stakeholders in helping\nus to create a sustainable project and will continue to work with them on\nissues such as area infrastructure.\"\n\n\nThis approval completes the major regulatory approvals required for AOSP\nExpansion 1, a fully integrated 100,000 barrel-a-day expansion of oil sands\nmining and upgrading facilities.\n\n\nThe Athabasca Oil Sands Project is a joint venture among Shell Canada\nLimited (60 per cent), Chevron Canada Limited (20 per cent) and Western Oil\nSands L.P. (20 per cent).\n\n\n Cautionary Note\n\n\nThis document contains \"forward-looking statements\" based upon\nmanagement's assessment of the Company's future plans and operations. These\nforward-looking statements include references to the Company's plans for\ngrowth, development, construction and expansion, construction of\ninfrastructure, future production of resources and reserves, and project\nschedules and execution.\n\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements. Although the Company believes that the expectations represented by\nsuch forward-looking statements are reasonable based on the information\navailable to it on the date of this document, there can be no assurance that\nsuch expectations will prove to be correct. Forward-looking statements involve\nnumerous assumptions, known and unknown risks, and uncertainties that may\ncause the Company's actual performance or results to differ materially from\nany estimates or projections of future performance or results expressed or\nimplied by such forward-looking statements. These assumptions, risks and\nuncertainties include, but are not limited to, demand for oil, gas and related\nproducts, fluctuations in oil and gas prices, industry operating conditions,\noperating costs, stakeholder engagement, project startup, schedules and\nexecution, operational reliability, labour a...