Shell fears cost overrun at Canada oil sands

Shell Canada Ltd has said its C$7.3 billion ($6.6 billion) Athabasca oil sands expansion in northern Alberta faced big expense overruns, and a partner said capital costs could be 50 per cent more than anticipated last year.

“We see signs of a heated market for labour, materials and equipment everywhere and we must assure ourselves that we can execute successfully,” Brian Straub, Shell Canada’s senior vice-president, oil sands, said in a statement.
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