The memorandum of understanding comes after COSL used a thermal steam injection technology successfully in an offshore project for CNOOC and aims to apply the idea to bitumen reservoirs, the Canadian player said in a statement.
Sunshine also announced a $430 million capital-spending budget largely aimed at its West Ells project.
The company is focussed on the startup and early production at the 10,000 barrel-per-day project, comprised of 16 injection and production well pairs.
