Statoil out of oil sands – Hegnar Online

– Statoil has signed an agreement to sell oljesandprosjektene Kai Kos Dehseh (KKD) in the canadian province of Alberta to Athabasca Oil Corporation, says the company. The sale covers the producing Leismer demonstration and it is not undeveloped Corner project, in addition to a variety of contracts related to the Project-production.

After this transaction, Athabasca take over as operator of the Leismer and Corner, and Statoil will no longer be the operator of any oil sands activity, writes the company.

Controversy

Statoil has received much criticism for the oil sands operation and several parties in Parliament have advocated a sell-off. In the press release about the sale is justified, however, first and foremost by financial considerations.

– This transaction is in line with Statoil’s strategy porteføljeoptimalisering to strengthen our financial flexibility and invest in our core business areas globally, including off the coast of Newfoundland in Canada, ” says Lars Christian Bacher, Statoil’s evp for development and production international.

the Sale triggers an impairment of the accounting values of between 500 and 550 million us dollars, i.e. between 4.2 and 4.7 billion.

– Final

the Decision get A politician Heikki Eidsvoll Holmås, to glory.

– Finally! It is ten years too late, but better late than never, ” says stortingsrepresentanten. He believes this proves that the critics were right and that we were wrong.

– to try To earn money on the dirtiest oil was bad for world, bad for the Uk and bad for Statoil. It is good Eldar Sætre seems to choose a better course for the company, ” he says.

the environmental organization Greenpeace writes in a press release that they celebrate and congratulate.

– We choose to see Statoil’s sale of tjæresanden as a victory for common sense, ” says tar sands and klimarådgiver Martin Norman Greeenpece. He believes the initiative right from the start was a bet against any responsible climate goals.

Greenpeace, together with WWF, The Norwegian church and many other efforts to ensure that Statoil should withdraw from tar sands since Statoil bought into this very polluting, contentious and expensive resource in 2007, ” says Norman. (©NTB)