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The projects are located in the centre of the Athabasca area in northeastern Alberta and have been independently assessed to contain approximately 5,000 million barrels of best case contingent bitumen resource.
As a result of this investment, the projects would be operated as joint venture.
Deal Value (US$ Million) 1741.5 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-08-31
Deal Participants
Target (Company) Athabasca Oil Sands Corp. - MacKay River and Dover Oil-Sands Projects - Canada Acquirer (Company) PetroChina Company Limited Vendor (Company) Athabasca Oil Sands Corp.
% Acquisition 60%
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