Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture
Green Car Congress
MARCH 12, 2010
Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. In order to facilitate the oil sands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oil sands leases. The Whiting upgrade is planned to come on-stream in 2012.
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