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Shell says oil sands focus on de-bottlenecking

Reuters India

Thu Jan 29, 2009 3:22pm IST

LONDON, Jan 29 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L:QuoteProfileResearch) said its focus in the Canadian oil sands industry was on improving the functioning of its existing facilities rather than sanctioning new projects.

Chief Financial Officer Peter Voser said on a call with reporters on Thursday that cash costs in oil sands, including energy costs, is around $38/barrel.

(Reporting by Tom Bergin; Editing by Mike Nesbit)

 

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