News Formal

Chinese companies commit to oilsands despite setbacks and poor operating results

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

While some European and U.S. companies cut their exposure to the Canadian oilsands, China's Big Three oil giants -- CNOOC, PetroChina and Sinopec -- seem content to let their bets ride even if the results haven't been spectacular.

In 2018, PetroChina produced an average of just 7,300 barrels per day of bitumen from its MacKay River thermal oilsands project, although it was designed to produce 35,000 bpd. In June, its output was about 8,700 bpd.

The company is drilling new wells and experimenting with various technologies to boost output, he said, adding a go-ahead for Dover has been put on hold until MacKay proves itself. "Our oilsands assets are an important part of our North American portfolio and we remain committed to our Canadian operations," CNOOC spokesman Kyle Glennie wrote in a brief email.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Wait a minute. I thought the Alberta oilsands were the most efficient, best run operations ever.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asian stocks mixed after U.S., Chinese tariff hikesAsian stocks were mixed Monday after Washington and Beijing escalated their trade war with new tariff hikes.
Källa: CTVNews - 🏆 1. / 99 Läs mer »