SOURCE: Industrial Info Resources

Industrial Info Resources

April 06, 2010 05:00 ET

Regulatory Approval Granted for $1.3 Billion Phase II Fort McMurray Long Lake Upgrader Expansion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 6, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Nexen Incorporated (NYSE:NXY) (Calgary, Alberta) and joint venture partner OPTI Canada Incorporated (Calgary) received regulatory approval in February for Phase II of the Long Lake upgrader project, which has an estimated total investment value of $1.3 billion. Fluor Canada Limited (Calgary), a subsidiary of Fluor Corporation (NYSE:FLR) (Irving, Texas), performed the engineering and construction on Phase I and is currently doing the front-end engineering and design (FEED) work for the second phase.

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