October 2021
Intermediate to advanced
528 pages
10h 11m
English
On March 9, 2017, Canadian Natural Resources (CNQ) announced the acquisition of a majority stake in the Athabasca Oil Sands project (AOSP) and a hodgepodge of additional oil sands and heavy oil assets from Royal Dutch Shell and Marathon Oil.† The total cost of this acquisition was $C12.74 billion with $C4 billion of the purchase price in CNQ stock.
The Athabasca Oil Sands project is an integrated oil sands mining operation that involves the following production steps:
• Excavate energy-rich earth
• Place that energy-rich earth onto large trucks
• Detach energy-rich bitumen from the earth using a separation process
• Put the bitumen through an upgrader to create commercially salable oil
While clearly not the ...
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