BP, Husky put oil sands plans on hold

Does not answer the question of how this will affect the Oregon refinery.
CALGARY -- British oil major BP PLC said it’s slowing down its oil sands plans with partner Husky Energy Inc. because it expects costs to deflate.

Andy Inglis, head of exploration and production at BP, said Tuesday a decision on whether to go ahead with the Sunrise project has been pushed back to 2010. The decision had been expected in late 2008.
“We will proceed or not proceed depending on its viability on the day,” he said.


No votes yet