AOSC Hands over Oil Sands Stake to PetroChina


Oil Sands Mining
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Athabasca Oil Sands Corp. has closed the transaction with PetroChina International, divesting a 60% working interest in AOSC's MacKay River and Dover oil sands projects for a consideration of C$1.9 billion. The projects are located in the center of the Athabasca area in northeastern Alberta and AOSC and PetroChina International intend to use common in-situ methods to develop their oil sands projects.

 

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