Athabasca Oil sets 2012 capital budget
Dec 21, 2011 at 7:05 am in Business, News by TheNewsGirl
Athabasca Oil Sands revealed today that it came close to another joint venture deal last spring, but didn’t move ahead because the timing wasn’t right.
It made that announcement alongside revealing its more than 800-million dollar capital budget for the upcoming year.
It’s moving ahead with its existing joint venture with PetroChina on its MacKay River and Dover SAG-D projects.
It sold a 60 percent stake in those projects to the Chinese company earlier this year.