Reuters
reported
Shell
is
aiming
to
sell
its
Orion
steam-driven
project
in
north-eastern
Alberta.
Regulators
have
granted
Shell
approval
for
two
10,000
barrel
per
day
production
phases,
though
current
production
is
just
5000
bpd,
the
news
agency
cited
Scotia
Waterous,
the
oil
major's
financial
adviser
in
the
sales
process,
as
saying.
Based
on
the
current
output
and
the
potential
for
future
production
gains,
Shell
could
garner
as
much
as
C$200
million
for
the
operation,
estimated
Chad
Friess,
analyst
with
UBS
Securities.
That
assumes
an
average
unit
value
for
such
projects
of
C$35,000-C$40,000
per…
