Statoil and Athabasca Oil Corporation (TSX: ATH) have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. The divestment includes the producing Leismer demonstration plant and the undeveloped Corner project, along with a number of midstream Athabasca Oil Corp. is paying a bargain price for Statoil’s northern Alberta oilsands assets, observers say.Statoil, a Norwegian national oil corporation, has likely invested billions of dollars Calgary-based Athabasca Oil Corp. has struck a deal to buy the northern Alberta oilsands operations of Norwegian oil giant Statoil ASA in a deal worth up to $832 million. Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation (TSX: ATH). The transaction covers the producing Leismer demonstration plant and the undeveloped Corner project, along with a number of midstream contracts associated with Leismer’s production. Norway's Statoil ASA is selling its oil sands business to Athabasca Oil Corp. for up to $832-million in cash and shares, marking the exit of one of two major European oil companies that had once Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce that is has entered into agreements with Statoil ASA ("Statoil") and its wholly owned subsidiary Statoil Athabasca Oil is a liquids-weighted intermediate producer involved in the development of Canada's most active resource plays (Montney, Duvernay, Oil Sands). We offer investors excellent exposure to oil prices and are focused on maximizing profitability through prudent capital activity across a diversified asset base.
14 Dec 2016 Following this transaction, Athabasca will take over operatorship of Leismer and Corner and Statoil will no longer operate any oil sands assets. 14 Dec 2016 Athabasca Oil Corporation Announces Transformational Acquisition of High Quality Thermal Oil Assets from Statoil ASA
9 Mar 2017 Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets after abandoning another Canadian oil sands project in 2015 and Statoil Athabasca, which has a production capacity of 225,000 barrels of oil a
Calgary-based Athabasca Oil Corp. has struck a deal to buy the northern Alberta oilsands operations of Norwegian oil giant Statoil ASA in a deal worth up to $832 million. Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation (TSX: ATH). The transaction covers the producing Leismer demonstration plant and the undeveloped Corner project, along with a number of midstream contracts associated with Leismer’s production. Norway's Statoil ASA is selling its oil sands business to Athabasca Oil Corp. for up to $832-million in cash and shares, marking the exit of one of two major European oil companies that had once Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce that is has entered into agreements with Statoil ASA ("Statoil") and its wholly owned subsidiary Statoil Athabasca Oil is a liquids-weighted intermediate producer involved in the development of Canada's most active resource plays (Montney, Duvernay, Oil Sands). We offer investors excellent exposure to oil prices and are focused on maximizing profitability through prudent capital activity across a diversified asset base. Athabasca Oil Corporation is a differentiated Canadian energy company focused on sustainable resource development of thermal and light oil assets. We offer investors excellent exposure to oil prices and are focused on maximizing profitability through prudent capital activity across a diversified asset base. Athabasca Oil Corp is a Canadian energy company which is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under
In 2007, Statoil bought a large area in the Athabasca oil sand field in Canada after purchasing North American Oil Sands Corporation for $2.2 billion. (In 2012 Statoil was once known as an environmentally responsible oil company. tailings ponds leak into one of North America's main waterways, the Athabasca River, 18 Jul 2018 Athabasca Oil Corp, a position we initiated in the Pender Value Fund and Statoil, a Norwegian state-controlled energy producer, had poured Athabasca Oil Corporation company profile. See its contact info, top products, plus all related news and videos. Leismer Corner Blend is produced by Athabasca Oil Corp. approximately 120 kilometres south LCB replaced the now defunct Statoil Cheecham Blend stream. 22 Mar 2017 In December, there was the $830 million Statoil sale to Athabasca Oil, followed in January and February by the writing down of billions of 29 Feb 2020 Equinor was formed in 2007 by the merger of Statoil with the oil and 19.1% Athabasca Oil Corporation is a Canadian company focused on