- Marketing to commence in third quarter of 2016
- Definitive decision to sell the asset has not been made
CALGARY, Sept. 9, 2016 /CNW/ - Imperial today
announced its intention to market its interests in the Norman Wells operation in the Northwest Territories.
A definitive decision to sell the assets has not been
made. Imperial recognizes the significance of this marketing
effort and potential sale for people in the area and is in dialogue
with Sahtu leaders about its plans. The marketing effort is
expected to commence in the third quarter of 2016.
The Norman Wells assets include
producing wells on natural and artificial islands in the Mackenzie
River and a central processing facility, which also generates
electricity for the town of Norman
Wells. Gross production at Norman
Wells averaged 11,000 barrels per day in 2015. A fuels
distribution terminal is also being marketed.
After more than a century, Imperial continues
to be an industry leader in applying technology and innovation to
responsibly develop Canada's
energy resources. As Canada's
largest petroleum refiner, a major producer of crude oil and
natural gas, a key petrochemical producer and a leading fuels
marketer from coast to coast, our company remains committed to high
standards across all areas of our business.
SOURCE Imperial Oil Limited