ExxonMobil's Nabiye oil sands expansion comes onstream

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11 May 2015

ExxonMobil's Nabiye oil sands expansion comes onstream

Report summary

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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