Operational Updates
Imperial Oil Hits Milestones at Horn River, Nabiye Prospects
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Imperial Oil reached several significant milestones in its growth strategy this quarter; advancing Kearl initial development towards the planned start of production around year-end, commencing drilling on two production pads at Nabiye, and initiating production at its Horn River pilot project. The company also announced plans to consolidate its Calgary offices into a campus-style complex in Quarry Park, a suburban development within Calgary city limits, to support workforce strategy.
Imperial's growth projects continue to be underpinned by strong third quarter earnings of $1,040 million, an increase of 21 percent compared with the corresponding 2011 period. Third-quarter Downstream earnings were $536 million, the strongest single quarter earnings on record. These results were primarily…
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