SOURCE: Industrial Info Resources

March 14, 2008 05:00 ET

Devon Canada Completes Jackfish I Oil Sands Project, Awards Engineering Contract for Phase II Expansion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 14, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Devon Canada Corporation, the Canadian operating arm of Devon Energy Corporation (NYSE:DVN), has completed the 35,000-barrel-per-day (BBL/d) Jackfish I bitumen production project. Devon Canada is now proceeding with its Phase II Jackfish bitumen production project. There are no solid capital expenditure estimates for Jackfish II, but Jackfish I ran well over its $500 million budget before it was completed.

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