Notes to editors pursuant to the completion of the transactions set out in this announcement, the athabasca oil sands project (aosp) is now a joint venture between canadian natural upgrading limited (60%), chevron canada limited ( 20%), and marathon oil canada corporation (20% which is owned. Prior to this announcement, the athabasca oil sands project (aosp) was a joint venture between shell canada energy (60 percent), chevron canada limited ( 20 percent) and marathon oil canada corporation (20 percent) aosp includes the shell albian sands mining and extraction operations (muskeg. Shell's story and experiences in the oil sands are not only a testament of tenacity , but also a good example of the myriad challenges developers face “oil sands projects are not 'slam dunks' and certainly not for the faint of heart,” says neil camarta, senior vice president, shell oil sands, and leader of the athabasca oil. For a list of oil sands projects in excel, please download the annual oil sands project list excel file - december 2017 find out the latest information on the projects and related activities occurring in the oil sands industry, including government and industry updates and detailed project listings download. (mocc) under the first agreement, a subsidiary of canadian natural completed the acquisition of shell's entire 60-per-cent interest in athabasca oil sands project (aosp), its 100-per-cent interest in the peace river complex in-situ assets, including carmon creek, and a number of undeveloped oil sands leases in alberta. Oilsands analyst nick lupick of altacorp capital says the price paid by athabasca equates to just over $24,000 per flowing barrel of production, a low price even if one doesn't count a proposed second oilsands project, two 75- kilometre pipelines and 300,000 barrels of storage capacity that were included.
Canada's tar sands: the most destructive project on earth - truthloader - duration: 7:50 truthloader 233,492 views · 7:50 · are the canadian oilsands jobs really gone for good | your morning - duration: 4:02 your morning 840 views · 4:02 facc 400 - the canadian oil sands (winter 2017) - duration:. Alberta – canadian natural resources ltd of calgary has closed the $12- billion deal to boost its oil sands interests by purchasing assets of marathon oil and shell canada cnrl now holds 70% of the athabasca oil sands project north of fort mcmurray, 70% of the scotford upgrader near edmonton. Chevron corp (cvxn), the second-largest us-based oil producer, is exploring the sale of its 20 per cent stake in the athabasca oil sands project, which could fetch about us$25 billion, according to people familiar with the situation the company has discussed with investment banks the prospect of. Calgary, alberta–(marketwired – march 9, 2017) – canadian natural resources limited (tsx:cnq)(nyse:cnq) (“canadian natural” or the “ company”) announces that it entered into agreements, subject to regulatory approvals, to acquire 70% of the athabasca oil sands project (“aosp”), including.
Anglo-dutch energy giant will reduce its 60% interest in the athabasca oil sands project to 10 per cent and sell its 100% interest in the peace river complex in- situ assets. Chevron canada has a 20 percent nonoperated interest in the athabasca oil sands project and a 60 percent operated interest in its ells river heavy oil leases.
Athabasca oil corporation is a canadian energy company with a focused strategy on the development of thermal and light oil assets situated in alberta's western canadian sedimentary basin, the company has amassed a significant land base of extensive, high quality resources athabasca's common shares trade on the. Athabasca oil sands project acquisition march 9, 2017 2 certain statements relating to canadian natural resources limited (the “company”) in this document or documents incorporated herein by reference constitute forward- looking statements or information (collectively referred to herein as.