Capital Markets | Capital Expenditure | Capital Expenditure - 2020
Gibson Energy IDs 2020 Capex; Will Spend 13% More than 2019
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Gibson Energy Inc. has approved a 2020 growth capital expenditure budget of approximately $300 million, comprised predominantly of sanctioned growth projects.
Additionally, the Board of Directors has approved the allocation of approximately $25 million in replacement capital expenditures.
The company's 2019 capex is $265 million, so 2020 represents a 13% ($35 million) increase.
Gibson’s 2020 growth capital expenditure budget is expected to be allocated as follows:
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