To: Eva who wrote (8534 ) 2/24/2004 8:16:49 AM From: Cogito Ergo Sum Read Replies (1) | Respond to Syncrude: ConocoPhillips owns a 9.03 percent interest in Syncrude Canada Ltd., an oil sands joint venture that has operated in northeastern Alberta since 1978. Syncrude mines shallow deposits of oil sands, extracts the bitumen, and upgrades it into a light, sweet crude oil called Syncrude Sweet Blend. The primary plant and facilities are located at Mildred Lake, about 25 miles north of Fort McMurray, Alberta, together with an auxiliary mining and extraction facility approximately 20 miles from the Mildred Lake plant. All production is shipped via a dedicated third-party pipeline to the Edmonton, Alberta area, where custody is turned over to the eight Syncrude owners for marketing. Pipeline connections exist to take the crude to eastern Canada and much of the northern United States. Current gross production rates are approximately 240,000 barrels per day, and the Stage 3 expansion project currently under construction is expected to increase rates to a productive capacity of 370,000 barrels per day by early 2005. conocophillips.com
