Canadian Natural Resources (CNRL) Limited has completed their acquisition of 70 per cent of the Athabasca Oil Sands Project (AOSP), this includes the Scotford upgrader in Edmonton, the Quest Carbon Capture and Store project and other working interests.
CNRL now owns the majority of AOSP assets, Chevron Canada Limited holds 20 per cent and Shell Canada Limited has 10 per cent and certain subsidiaries.
CNRL began operating the mines as of June 1, 2017, picking up production infrastructure and land that will be added to their existing core areas.
Based on the approved AOSP 2017 Joint Venture budget, June mine production from Canadian Natural’s working interest in the recently acquired assets it is targeted to produce between 173,000 to 191,000 barrels per day (bpd).
Approximately 2,800 employees from Shell and Marathon Oil will join CNRL’s teams in Fort McMurray, the Peace River region and the Calgary head office.
