News Release - June 16, 1998
HUSKY OIL TO EXPAND THE LLOYDMINSTER BI-PROVINCIAL UPGRADER
"Husky's plan to expand it's heavy oil upgrader near Lloydminster is
good news for Saskatchewan," Deputy Premier and Crown Investments
Corporation Minister Dwain Lingenfelter said today. He was responding
to the announcement by Husky Oil Ltd. that it will seek regulatory
approval to more than double the upgrader's production of synthetic
crude oil and other products to 150,000 barrels a day.
"When we sold the province's 50 per cent share in the Bi-Provincial
Upgrader (BPU) to Husky a commitment to expand the plant if
commercially feasible was part of the agreement," Lingenfelter said.
"We are very pleased to hear that the company will be investing
$500 million for this expansion project."
Husky estimates that the project will create 1450 person years of
design and construction employment and 75 permanent jobs in the
expanded upgrader. About 200 more jobs will be created through
related activity such as supplying the increased needs of the plant.
"The expansion will have a very positive long term impact on the
economy of west-central Saskatchewan," Lingenfelter said. "More than
doubling the BPU's output will require a similar increase in the heavy
oil feedstock and other goods and services that go into the plant.
Drilling new wells, transporting more materials and all the other
activities will create a lot of employment and help keep the economy
"We appreciate Husky's decision to expand its Lloydminster
upgrader and its ongoing commitment to the heavy oil industry in
our province," Lingenfelter said.
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