Alberta’s oil sands production is expected to increase to 3 million barrels a day in 2018. This prospect continues to attract significant investment in oil sands resources. For example, the US$2.28 billion partnership between Statoil of Norway and Bangkok-based PTT Exploration and Production in November 2010 introduced Thailand as the latest foreign player on the oil sands scene. Cenovus Energy has also been seeking suitors for a new oil sands joint venture.
Oil sands investors and prospective investors should be aware of the following issues.
Partner
Bennett Jones LLP
Lower Athabasca Regional Plan
On 5 April this year the Alberta government unveiled its Lower Athabasca Regional Plan (LARP). The LARP has attracted the attention of oil sands operators because the Athabasca oil sands deposits contain about 80% of Alberta’s bitumen reserves.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Don Greenfield is a partner and Chelsea Nickles is an associate at Bennett Jones. Bennett Jones is a leading Canadian law firm with over 400 lawyers in offices throughout Canada and in the UAE.
Suite 3400, 1 First Canadian Place
P.O. Box 130
Toronto, Ontario M5X 1A4
Tel: +1 416 777 4804
Fax: +1 416 863 1716
Website: www.bennettjones.com
