UPDATE 1-Statoil produces first oil at Alberta oil sands project

Thu Jan 27, 2011 8:40am EST

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* LPD is first phase of Leismer project

* Sees capacity ramp up to 18,800 bpd in 2 years

Jan 27 (Reuters) - Statoil Canada, a unit of Norway's Statoil (STL.OL) (STO.N), said its Leismer Demonstration Project (LDP) near the Athabasca oil sands in northeast Alberta, started producing oil.

The Leismer project, approved to 10,000 barrels per day (bpd) in the first phase, is expected to ramp up to its rated capacity of 18,800 bpd within two years, pending approval environmental approval. (Reporting by Gowri Jayakumar in Bangalore; Editing by Unnikrishnan Nair)

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