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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (11717)7/22/1998 7:04:00 AM
From: Kerm Yerman  Read Replies (2) of 15196
 
CORP. / Imperial Oil Iniiates Public Consultation Process

IMPERIAL OIL LIMITED

CALGARY, July 21 /CNW/ - Imperial Oil Limited announced today that it is
initiating a public consultation process to ensure the interests of
stakeholders are considered during planning for a new straddle plant in
west-central Alberta to extract natural-gas liquids from natural gas on Nova's
pipeline system.

The company has submitted disclosure documents outlining the proposed
WestAlta Project to the Alberta Energy and Utilities Board (EUB) and Alberta
Environmental Protection (AEP). Public meetings will begin later this summer
to review project plans and seek input from residents and other stakeholders
in the area of the proposed development.

The proposed WestAlta Straddle Plant will be built in the area between
Sundre and Caroline, Alberta, close to the major natural-gas pipeline system
operated by Nova Gas Transmission Ltd. The plant would have the capacity to
process about 2.5 billion cubic feet a day of liquids-rich sweet gas from the
Nova system, outputting about 2.1 billion cubic feet a day of sales-quality
''lean'' gas and about 110,000 barrels a day of natural-gas liquids. There is
no ''sour gas'' associated with the proposed WestAlta Straddle Plant.

The proposed project also includes construction of new pipeline
facilities to transport natural-gas liquids from the straddle plant to
Imperial's existing Mid-Alberta Pipeline, and from this system to
fractionation facilities in the Fort Saskatchewan area.

Imperial expects to apply to the EUB and AEP for approval of the WestAlta
development in late 1998 or early 1999. Assuming timely regulatory approval,
plant construction could begin in 1999, with operation commencing in 2000.
Total cost of the project is estimated at $250 million.
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