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Royal Dutch Shell Plans to Put Orion Project on the Block
May. 28, 2012 03:16PM PST
Oil and Gas InvestingReuters reported that Royal Dutch Shell Plc (NYSE:RDS.B) has planned to put Orion steam-driven project on the block.
Reuters reported that Royal Dutch Shell Plc (NYSE:RDS.B) has planned to put Orion steam-driven project on the block.
As quoted in the market news:
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 producing barrel a day.
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