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News Releases
November 18, 2008 Albian Sands Announces Operator Agreement(Fort McMurray, Alberta) – Albian Sands Energy today announced that effective January 1, 2009 it will operate under the flagship name Shell Albian Sands. Albian Sands team members will become Shell employees January 1, 2010. “We have long been one business and one team with the Scotford Upgrader in producing energy for Canadians,” said John Rhind, Albian Sands Energy's Chief Operating Officer. “We will soon be working as one company. “ We look forward to participating in Shell's learning and development programs as well as leveraging its global technical expertise and brand recognition to benefit our business here in Fort McMurray.” John Abbott, Shell's Executive Vice President of Oil Sands and Albian Sands CEO said, “We welcome Albian Sands team members to the Shell family and are proud to be part of the Fort McMurray community. Clearly Alberta's oil sands continue to be an area of investment and growth for us. “Oil sands is a long term business and this move demonstrates Shell's ongoing commitment to being the leading oil sands operator, to Albian Sands and to the region.” Mark Nelson, President of Chevron Canada Resources said "Chevron supports this move given the added benefits that will be available to employees.” Nelson added, "We look forward to continuing to work with Shell and Marathon to advance our shared goal of achieving world-class operational and financial performance." Steve Reynish, President of Marathon Oil Canada Corporation said, "This is a natural evolution for the Albian Sands team and we believe it will be a positive factor contributing to long-term value creation within the Athabasca Oil Sands Project and for the joint venture owners." Albian Sands Energy currently operates the Muskeg River Mine and Jackpine Mine on behalf of the Athabasca Oil Sands Project (AOSP), a joint venture among Shell Canada Energy (60%), Chevron Canada Limited (20%) and Marathon Oil Sands L.P. (20%). Under an agreement among the AOSP joint venture owners, Shell Canada Energy will become the Mine operator, with Albian Sands facilities becoming Shell Albian Sands facilities January 1, 2009. Shell already operates the Scotford Upgrader for the AOSP joint venture. AOSP joint venture ownership is not affected. Media Inquiries: Chris Zorica Shell Albian Sands – One Business, One Team, One CompanyAthabasca Oil Sands Project (AOSP)The AOSP is a joint venture among Shell Canada Energy (60%), Chevron Canada Limited (20%) and Marathon Oil Sands L.P. (20%) and consists of the Muskeg River Mine and Jackpine Mine located north of Fort McMurray, Alberta and the Scotford Upgrader located east of Edmonton. The AOSP's Muskeg River Mine and Scotford Upgrader have a capacity of 155,000 barrels per day, an amount equivalent to 10 per cent of Canada oil needs. The majority of crude oil from the AOSP is refined into consumer products such as gasoline, diesel and jet fuel at Shell's Scotford Refinery near Edmonton and sold in the Western Canadian marketplace. Albian Sands Energy Inc.Albian Sands Energy Inc. is a company owned by the AOSP joint venture owners. It operates the Muskeg River Mine River Mine and is constructing the Jackpine Mine, both located 75 kilometres north of Fort McMurray, Alberta, Canada. Albian Sands mines for oil in the oil sands of northern Alberta. In oil sands mining, a mix of oil and sand is removed from just below the surface using shovels and trucks. This material is mixed with warm water to separate the oil from the sand. The Muskeg River Mine has a capacity of 155,000 barrels per day (bpd) of bitumen, a naturally occurring thick oil comprised mainly of hydrocarbons, which it produces for the Athabasca Oil Sands Project joint venture owners – Shell, Chevron and Marathon. Albian Sands' product, diluted bitumen, is upgraded at the Scotford Upgrader near Fort Saskatchewan, Alberta and provide refiners with transport fuel feedstock. Albian Sands employs approximately 1,500 employees and contractors. Shell Canada EnergyShell has operated in Canada for 98 years. Headquartered in Calgary, Alberta, Shell employs more than 6,100 people across Canada. For the eighth consecutive year, Shell was named one of Canada's top employers and has been a leader in sustainable development since 1991. A leading manufacturer, distributor and marketer of refined petroleum products, Shell produces natural gas, natural gas liquids and bitumen, and is Canada's largest producer of sulphur. Shell is one of Canada's largest oil sands developers. Business Portfolio Exploration and Production (E&P) and Downstream have major businesses in Canada. Canadian operating facilities include:
Chevron Canada LimitedChevron Canada Limited is a wholly-owned subsidiary of Chevron Corporation. Since 1938, Chevron Canada has been involved in exploring for, developing, producing and marketing crude oil, natural gas and natural gas liquids in Canada. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe. The company's success is driven by the ingenuity and commitment of approximately 59,000 employees who operate across the energy spectrum. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops and commercializes the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif. Marathon Oil Sands L.P.Marathon Oil Sands L.P. is a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO). Marathon is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Marathon, which is based in Houston, Texas, has principal operations in the United States, Angola, Canada, Equatorial Guinea, Gabon, Indonesia, Ireland, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner.
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