Alberta oilsands project halted 2 years ago starts up again
Dec 26, 2017 | 12:15 PM
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A South Korea-based company says it has decided to complete and begin producing from a 10-thousand-barrel-per-day project it halted in the Alberta oilsands more than two years ago due to low oil prices.
Harvest Operations Corp., which is the Calgary-based arm of state-owned Korea National Oil Corp., says major work has already started at the BlackGold project site south of Fort McMurray and will continue through the winter.
BlackGold, which was built for about 900 million dollars, was considered mechanically complete when it was put on hold in the spring of 2015.
Thirty workers directly associated with the project were laid off at the time.
