CALGARY - Imperial Oil Ltd. has slowed the development of a $2.6-billion oilsands project because of uncertainty due to the Alberta government’s oil production curtailment program and other challenges. First production from the Aspen in-situ project had been expected in 2022 but will now likely be delayed by at least one year, Imperial said Friday. Imperial Oil logo at the company's annual meeting in Calgary on April 28, 2017. Imperial Oil Ltd. says it has slowed the pace of development of its Aspen in situ oil sands project because of uncertainty due to the Alberta government's oil production curtailment program and other challenges. The province mandated the production cuts in an effort to reduce a price discount on oil produced in Western Canada.

Source: thestar March 15, 2019 12:27 UTC