Canada: Total sells its interest in the Joslyn oil sands project to CNRL

Canada: Total sells its interest in the Joslyn oil sands project to CNRL

 

Paris – Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian dollars.

Following the oil price fall in 2014, the Joslyn project partners decided to put its further development on hold. Therefore, activities have since been limited to fulfilling regulatory requirements and ensuring the safety of the site.

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