Royal Dutch Shell Plans to Put Orion 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.

Click here to read the full Reuters report.