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2017-06-01 19:00:00

SHELL DIVESTS CANADA $8.2 BLN

SHELL DIVESTS CANADA $8.2 BLN

SHELL - Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell") that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited ("Canadian Natural") its entire 60% interest in AOSP, its 100% interest in the Peace River Complex…

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Tags: SHELL, CANADA
Chronicle:
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