Shell Sells Bulk of Athabasca Oil Sands Project to Canadian Natural Resources

SUGAR LAND--March 10, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources Limited (NYSE:CNQ) (Calgary, Alberta) is acquiring 70% of the Athabasca Oil Sands Project, north of Fort McMurray, Alberta, as well as additional working interests in other oil sands leases, from Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands). Also, Shell and Canadian Natural will acquire and equally own Marathon Oil Canada Corporation, which holds a 20% interest in Athabasca. Currently, the deals are targeted to close in mid-2017. Industrial Info is tracking more than $18 billion in projects involving Canadian Natural, and more than $44 billion in Canadian projects involving Shell. Within this article: Details on some of the projects within or related to Athabasca Oil Sands.