Cenovus buys out ConocoPhillips in Foster Creek Christina Lake (FCCL)

Alberta Sands and Gas assets sold for $17 Billion CAD

This article is relevant to Alfa Laval's systems used by the energy and resources industries. Industrial water decanters for oil production and heat exchangers for oil refining. 

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...ConocoPhillips (NYSE: COP) announced it will sell its 50 percent ownership interest in the Foster Creek Christina Lake (FCCL) joint venture to its partner there, Canada’s Cenovus.

Cenovus will become Canada’s largest thermal producer, and it’s poised to add 13 rigs through 2018 with a growth projection of about 40 percent...

 

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