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ExxonMobil's Nabiye oil sands expansion comes onstream
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On 11 May 2015, ExxonMobil announced the next phase of its Cold Lake oil sands project, Nabiye, commenced production. The start-up supports our thesis that projects which have had a high percentage of capital already spent will continue to be pushed ahead by companies given the high levels of sunk costs and the robust go-forward economics.
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