Petro-Canada working on costs
Claudia Cattaneo, Financial Post Published: Friday, December 12, 2008
CALGARY -- Petro-Canada is seeing "a pretty good response" as it re-negotiates deals to bring down costs at its delayed Fort Hills oil sands project, Ron Brenneman, chief executive, said Friday.
"I don't know where it will end up or whether it's enough to make a difference in the overall project economics," but costs are moving down and are becoming more predictable, Mr. Brenneman said in an interview.