Yesterday, Sunshine Oilsands announced that it will be spending $430-million in 2013.
This will go towards starting the first phase of its West Ells SAGD project this year, located 60km west of Fort McKay
On Friday, it also signed a memorandum of understanding with China Oilfield Services Limited – a subsidiary of CNOOC- to share exploration technology information for a year.
This would see COSL conducting thermal fluid tests within Sunshine’s oilsands.
Sunshine says that the technology could reduce the company foot print and costs to keep things running.
January 17th, 2013
