Alberta oil sands leases change hands
For Petroleum News
Oil sands startup UTS Energy has sold a 50 percent working interest in three leases to Imperial Oil and ExxonMobil for C$250 million to keep alive its hopes of retaining a 20 percent stake in the Fort Hills project if new operator Suncor Energy revives the stalled development.
In making the announc....
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Imperial says leases complimentary
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