Shell Canada Limited and affiliates and Canadian Natural Resources Limited (Canadian Natural) had agreed to a provision in the Athabasca Oil Sands Project transaction, where Shell will swap its remaining 10 percent interest in the Albian mines in exchange for an additional 10 per cent interest in the Scotford upgrader and Quest Carbon Capture and Storage (CCS) facility. Post deal completion, Shell will have a 20 percent interest in the Scotford upgrader and Quest CCS facility and will fully exit AOSP’s mining operations. Shell will remain as operator of the Scotford upgrader and Quest CCS facility, located next to the 100 percent Shell owned Scotford refinery and chemicals plants near Edmonton, Alberta.
Courtesy of Shell Canada.