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RE: Update 2 – Husky (Lima Coker Exp), BP (Toldeo Coker Exp) form oil sands (Sunrise) JV like COP_EnCana

Home Forums Coking News: DCU, Upgrader 3.Upgrader (registered users only) Update 2 – Husky (Lima Coker Exp), BP (Toldeo Coker Exp) form oil sands (Sunrise) JV like COP_EnCana RE: Update 2 – Husky (Lima Coker Exp), BP (Toldeo Coker Exp) form oil sands (Sunrise) JV like COP_EnCana

#7145

Charles Randall
Participant

Here is an update on the Husky & BP JV that is clone of the COP & EnCana JV around Canadian Oil Sands & US Refinery asset utilization. <See earlier news around both Husky purchase of Lima & the COP-EnCana JV>
 
Husky recently purchased the 160 MBD Lima Refinery from Valero & plans to expand Heavy Canadian Crude use there (Coker Expansion expected not yet announced) and this JV with BP will do an expansion at Toledo (Coker expansion or increased utilization) to increase total capacity to 170 MBD & Heavy Canadian to 100 MBD. The Husky Sunrise Oil sands project will supply Upgraded Bitumen crude (60MBD in 2012 growing 200MBD by 2015).  Investment cost & assets will be split 50-50.
 
One downsides appear to be that the Expansion Llyodminster project will again be postponed until the deal closes in 2008 1Q.
Regards

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