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Royal Dutch Shell Bought Oilpatch Region in Canada

To evaluate the new properties, Royal Dutch Shell has created a new company

Royal Dutch Shell Bought Oilpatch Region in Canada

Royal Dutch Shell confirmed buying 900 square kilometres of northern oil province Alberta, Canada, for C$465 million.

The move gives rise to many new questions about the company's plans for the sector, where it already has a significant presence through sister company Shell Canada.

The leases, which were purchased at a provincial land sale last month by an unidentified numbered company, are about 100 kilometres west of the oilsands hub of Fort McMurray, Alta.

To evaluate and potentially develop the new properties, Royal Dutch Shell has created a new, wholly-owned Canadian company called Sure Northern Energy Ltd.


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