Conocophillips oil sands sale
Extracted oil sands crude can then be refined into gasoline and other hydrocarbon products. Getting Oil Sands Out of the Ground. Oil sands are recovered using two methods, depending on the depth of the reserves. Surface mining is used when bitumen is within 250 feet of the surface. ConocoPhillips Canada will retain its operated 50 percent interest in the Surmont oil sands joint venture and its operated 100 percent Blueberry-Montney unconventional acreage position. Total proceeds for the transaction are $13.3 billion before customary adjustments, consisting of the following considerations: Surmont is a SAGD bitumen recovery facility that is operated by ConocoPhillips under a 50/50 joint venture agreement with Total E&P Canada. That means we co-own the development, but the facility itself is staffed and run by ConocoPhillips Canada employees and contractors. Commercial production from Surmont 1 began in 2007. ConocoPhillips said Monday it would sell its stake in a Canadian oil sands project to a state-owned Chinese oil company for $4.7 billion as part of its plans to divest $10 billion in assets and pay
Extracted oil sands crude can then be refined into gasoline and other hydrocarbon products. Getting Oil Sands Out of the Ground. Oil sands are recovered using two methods, depending on the depth of the reserves. Surface mining is used when bitumen is within 250 feet of the surface.
29 Mar 2017 ConocoPhillips is selling a large portion of its Canadian oil-sands assets to Cenovus Energy to pay down debt and significantly increase stock Surmont is a SAGD bitumen recovery facility that is operated by ConocoPhillips under a 50/50 joint venture agreement with Total E&P Canada. That means we co- 4 Apr 2018 Houston-based oil major ConocoPhillips announced this week it had sold billion in investment projected to go into the oilsands, but still well below the A string of deals have been announced including land sales, assets ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US 20 Sep 2017 That sale closed in May. Cenovus issued 208 million common shares to ConocoPhillips in partial consideration of the sales price. COP also got 29 Mar 2017 This month, Royal Dutch Shell PLC sold most of its oil sands holdings as it shifts its portfolio to focus primarily on natural gas. Marathon Oil Corp. 14 Apr 2017 Several multinational energy companies have sold their tar sands When ConocoPhillips signed a $13.3 billion deal last month to shed many
4 Jun 2018 When Cenovus acquired oil sands and natural gas assets from ConocoPhillips for C$17 billion last year, it took 208 million shares of Cenovus, as
ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US 20 Sep 2017 That sale closed in May. Cenovus issued 208 million common shares to ConocoPhillips in partial consideration of the sales price. COP also got 29 Mar 2017 This month, Royal Dutch Shell PLC sold most of its oil sands holdings as it shifts its portfolio to focus primarily on natural gas. Marathon Oil Corp. 14 Apr 2017 Several multinational energy companies have sold their tar sands When ConocoPhillips signed a $13.3 billion deal last month to shed many 29 Mar 2017 The divestiture from Texas-based ConocoPhillips follows three other multinational companies' sales of oilsands properties in recent months: 30 Mar 2017 Jim Cramer sees ConocoPhillips' move to sell a chunk of its oil sands as a telltale sign of oil prices' stability.
4 Apr 2018 Houston-based oil major ConocoPhillips announced this week it had sold billion in investment projected to go into the oilsands, but still well below the A string of deals have been announced including land sales, assets
14 Mar 2019 In May of 2017, Cenovus completed its purchase of ConocoPhillips's assets. Long term, oil sands remain a terrible investment. In fact, some Two announcements have recently rocked the Canadian oil sands industry. Murphy Oil Corporation, Statoil ASA, ExxonMobil Corporation, ConocoPhillips and Total S.A. sold a 10 percent interest in the Fort Hills Oils Sands Project to its 25 Apr 2017 US firm ConocoPhillips also announced a deal to sell Canadian oil and gas assets to Canada's Cenovus Energy for US$13.3bn. The divested 4 Jan 2018 Cenovus sold assets as part of de-leveraging plan after spending $17.4 billion to acquire ConocoPhillips oil sands, Deep Basin properties. 26 Sep 2015 ConocoPhillips Nearing Canadian Assets Sale - Oil and Gas News on Oil Houston-based company's Canadian volumes outside of oil sands.
The Athabasca Oil Sands Project is the latest fully integrated oil sands development in 25 years. ConocoPhillips launched the Surmont SAGD pilot project
Surmont is a SAGD bitumen recovery facility that is operated by ConocoPhillips under a 50/50 joint venture agreement with Total E&P Canada. That means we co- 4 Apr 2018 Houston-based oil major ConocoPhillips announced this week it had sold billion in investment projected to go into the oilsands, but still well below the A string of deals have been announced including land sales, assets ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US
22 Mar 2017 In December, there was the $830 million Statoil sale to Athabasca Oil, of barrels of reserves by Imperial Oil, ConocoPhillips and ExxonMobil. On March 9, Shell sold a majority of its oilsands assets to Canadian Natural 3 Apr 2017 ConocoPhillips has signed an agreement with Cenovus to sell its 50% non- operated interest in the Foster Creek Christina Lake (FCCL) oil 14 Apr 2017 The sale included Statoil's six-year-old Leismer thermal oil sands ConocoPhillips will still retain a 50 percent interest in the Surmont oil sands ConocoPhillips sells oil sands assets for $13.3bn Ed Crooks and Adam Samson in New York ConocoPhillips of the US has become the third company this month to announce a large sale of assets in the CALGARY, Alberta (Reuters) - ConocoPhillips (COP.N) on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc (CVE.TO) for C$17.7 billion ($13.3 billion),