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Shell Defers Pierre River Oil Sands Project

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Shell Defers Pierre River Oil Sands Project

Post Tue Feb 24, 2015 2:58 pm

Shell has announced the withdrawal of its regulatory application for the proposed Pierre River Mine on north of Fort McMurray, Alberta, to focus attention on its existing oil sands operations.

Lorraine Mitchelmore, Shell Canada President and Executive Vice President of Heavy Oil, said: "The Pierre River Mine remains a very long term opportunity for us but it's not currently a priority… Our current focus is on making our heavy oil business as economically and environmentally competitive as possible. We will continue to hold the leases and can reapply in the future when the time is right."

Read more at: http://bit.ly/1DQAAsR
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