Our industry leading Oil Sands Mining and Upgrading operations delivered record annual production of 426,190 bbl/d of Synthetic Crude Oil ("SCO") as a result of strong production at Horizon and a full year of production from the Athabasca Oil Sands Project
. Additionally, record low annual adjusted operating costs of $21.05/bbl (US$16.24/bbl) of SCO and unadjusted operating costs of $21.75/bbl (US$16.78/bbl) of SCO were achieved as a result of safe, steady and reliable operations, high utilization, and leveraging expertise to capture synergies."
In March, Shell announced a plan 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%.
Comment: In March, Shell announced a plan 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 Canadian Natural Resources divestment was part of that plan.
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
Over the past 15 years, the facilities have expanded to include an upgrader that receives heavy oil mined from the Athabasca Oil Sands Project
(AOSP) near Fort McMurray, about 400 kilometres further north.
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
. Petro-Canada has also deferred the upgrading of its C$21 billion Fort Hills 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.