Northern Lights Project
Total owns 50% interest in the Northern Lights Project. The project is located in the Athabasca region of Alberta, approximately 100 kilometers northeast of Fort McMurray. Sinopec Corporation, a Chinese company, holds the remaining 50% stake through its subsidiary, SinoCanada Petroleum Corporation.
Mining Development Application
The latest estimate of contingent resources of the Northern Lights Project published by Synenco is 1.08 billion barrels of bitumen, to be recovered using mining technologies. With our long-term plans for this lease, we are in the process of integrating the asset into our Canadian portfolio and as such, formally withdrew the current regulatory application in December 2008.
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