The properties include its Chard, Stony Mountain, Liege, Thornbury and Ipiatik interests. The properties are estimated to contain 1.7 billion barrels of bitumen net to Petro-Canada.
"The properties for sale are very attractive oil sands assets, but their development, for us, will be a ways down the road," said Neil Camarta, Petro-Canada's senior vice president for oil sands. "Over the next 10 years or so, we'll be focusing all of our efforts on developing Fort Hills and our in situ properties of MacKay River, Lewis and Meadow Creek."
The
