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Mapath Capital Corp
100 million barrels of oil sands production achieved
Business
Jun 6 2005
3 min read

100 million barrels of oil sands production achieved

CALGARY, June 6 /CNW/ - Shell Canada announced today that the Athabasca
Oil Sands Project achieved its first 100 million barrels of bitumen production
after just over two years of operations.
The Athabasca Oil Sands Project has been in operation since April 2003
and reached cumulative production of 100 million barrels on June 4, 2005.
"This first 100 million barrels of production from the oil sands is very
significant for Shell and the Athabasca Oil Sands Project," said Neil Camarta,
Shell's Senior Vice President of Oil Sands. "With this milestone, we have
firmly established ourselves as a proven oil sands operator - with the
experience and confidence to grow this business to more than 500,000 barrels
per day."
The Athabasca Oil Sands Project consists of the Muskeg River Mine located
north of Fort McMurray, Alberta and the Scotford Upgrader located near
Edmonton and is a joint venture among Shell Canada Limited (60 per cent),
Chevron Canada Limited (20 per cent) and Western Oil Sands L.P. (20 per cent).

This document contains "forward-looking statements" based upon current
expectations, estimates and projections of future production, project startup
and future capital spending. Forward-looking statements include, but are not
limited to, references to future capital and other expenditures, drilling
plans, construction activities, the submission of regulatory applications,
refining margins, oil and gas production levels, resources and reserves
estimates.
Readers are cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements involve numerous risks and
uncertainties that could cause actual results to differ materially from those
anticipated by the Corporation. These risks and uncertainties include, but are
not limited to, the risks of the oil and gas industry (including operating
conditions and costs), demand for oil, gas and related products, disruptions
in supply, project schedules, the uncertainties involving geology of oil and
gas deposits, the uncertainty of reserves estimates, fluctuations in oil and
gas prices and foreign currency exchange rates, general economic conditions,
commercial negotiations, changes in law or government policy, and other
factors, many of which are beyond the control of the Corporation.