ALASKA HIGHWAY NEWS THURSDAY, OCT. 17, 2019 | VOL. A-75 NO. 42
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FORT ST. JOHN NEWS | BUSINESS | POLITICS | SPORTS | ARTS | EST. 1944 SITE C FIRST B.C. Energy Minister Michelle Mungall visits Site C dam for the first time
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Tourmaline commits $1.7 billion more to Montney Matt Preprost editor@ahnfsj.ca Tourmaline Oil says it remains bullish on its operations in northeast B.C. and plans to spend $1.7 billion on gas exploration and development here over the next five years. The company announced the news Saturday, Oct. 12, in Fort St. John, and celebrated the commissioning of its new $200 million deep cut gas plant at Gundy alongside staff and elected officials. “There’s no doubt that energy demand of all kinds is going to go up and we’re trying to position ourselves,” said Tourmaline COO Allan Bush. “We’re in this for the long haul and we see this as a really good place to being doing business. We want to stay aggressive here.” Tourmaline spent $1.8 billion on capital projects in the region over the last four years, and Gundy will remain the focus of growth as the company looks to capitalize on its liquids-rich holdings. Included in the $1.7 billion of new spending is a $150 million expansion of the new Gundy plant, doubling capacity from 200 mmcf/d
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Tourmaline COO Allan Bush (right) speaks with a worker at the new Gundy deep cut gas plant, Oct. 12, 2019.
to 400 mmcf/d and increasing liquid volumes by 85,000 bpd. Butane and propane is already being shipped out of the region by rail to AltaGas’s new terminal in Prince Rupert and exported to Asia. New spending also includes drilling programs to support the increased volumes, as well as new pipelines. More full-time jobs will
be created in production, operations, construction, and technology, Bush said. “The investment will be significant in the area,” Bush said. The news was met with optimism from elected officials, who said the spending is a sign of confidence in both the region and future of the industry.
“To have the largest producer in the country make these investments with the knowledge and understanding that they have of the economics and what it’s going to look like in the future, it’s good news for all of us in northeast bc, it’s good news for B.C.,” Peace River North MLA Dan Davies said. Continued on A6