Reuters: Financial Services and Real Estate: Shell sees low cost expansion in Canada's oil sands

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Shell sees low cost expansion in Canada's oil sands May 29th 2012, 21:05 CALGARY, Alberta | Tue May 29, 2012 5:05pm EDT CALGARY, Alberta May 29 (Reuters) - Peter Voser, chief executive of Royal Dutch Shell Plc said on Tuesday that the company expects to expand production from its 255,000 barrel per day Athabasca Oil Sands Project by as much as 90,000 bpd by the end of the decade. Voser told reporters in Calgary that Shell plans a series of debottlenecking operations that will add new production at a cost of less than $50 per barrel. He also warned that Canada has to become competitive in Asia's liquefied natural gas market during the current decade.

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