801 7 AVENUE SW
CALGARY
Alberta
Canada,
T2P 3P7
Phone: +1 (403) 699-4000
Fax: +1 (403) 699-5776
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Company SummaryNexen Inc. is an energy and chemicals company. It has oil and gas operations in North America, South America, the North Sea, Yemen, Nigeria, Australia and South East Asia, and oil sands interests in Alberta. Company NewsTuesday, December 08, 2009 OPTI Canada Inc. approved a Can$120 million capital program for 2010. OPTI’s share of budgeted costs for Phase 1 of the Long Lake Project in Alberta, Canada, in 2010 is expected to be approximately Can$92 million. Completion of the ash processing unit in the upgrader has been deferred to 2011 in order to manage 2010 capital costs. Phase 1 expenditures will be primarily directed towards sustaining capital for the SAGD operation and other initiatives to ensure the long-term reliability of the project, including the installation of electric submersible pumps and the drilling of two new well pads. OPTI continues to estimate an average of $8 to $9 per barrel of sustaining capital over the life of the Long Lake Project. In 2010, OPTI will invest approximately Can$23 million in advancing Phase 2 engineering and detailed execution plans with $5 million budgeted for development of Phases 3 through 6. OPTI Canada Inc. has a 35% working interest in the project, which is operated by Nexen Inc.(65% interest). News ReleasesNo recent News Releases available Map Legend: Producer Past Producer  Development  Exploration |
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