The Canadian sale includes the Company's 20 percent non-operated interest in the Athabasca Oil Sands Project
A) said on Wednesday that Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) have announced the sale of all its in-situ and undeveloped oil sands interests in Canada as well as reduced its share in the Athabasca Oil Sands Project
(AOSP) from 60% to 10%.
and Shell Canada Resources units have signed two agreements that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project
from 60% to 10%, the company said.
The company announced over the weekend it will shed between 5 percent to 10 percent from the over 3,000 workforce at the Athabasca oil sands project
Marathon Oil said that negotiations to sell a portion of its 20 per cent stake in the Athabasca Oil Sands Project
in Canada ended without a deal.
The Quest project will be built on behalf of the Athabasca Oil Sands Project
joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta.
For the second quarter 2009, the company has estimated a share of bitumen production from the Athabasca Oil Sands Project
(AOSP) mining operation of around 26,000 barrels per day (bpd), which is within an earlier guidance of 23,000 to 28,000 bpd for the 2009 second quarter.
has also decided to delay investment decision on second expansion of Athabasca oil sands project
The pipeline transports diluted bitumen from the Athabasca Oil Sands Project
(AOSP) near Fort McMurray, Alberta to the Scotford Upgrader near Fort Saskatchewan, Alberta.
In late December, the Athabasca Oil Sands Project
(ASOP) produced the first bitumen (heavy crude oil) at it Muskeg River mine, 75 kilometers north of Fort McMurray, Alberta, and began shipping diluted bitumen via its Corridor pipeline to its Scotford upgrader plant near Fort Saskatchewan, Alberta.
5 billion Sable Offshore Energy Project -- a joint venture, natural gas initiative off the coast of Nova Scotia -- before moving to Calgary to work as audit manager for Shell Canada's Athabasca Oil Sands project