Shell Canada hopes to boost in-situ oilsands output seven-fold in two years

Shell Canada Ltd. (TSX:SHC) expects to grow its so-called in-situ oilsands production by more than seven-fold to 50,000 barrels per day over the next two years as a result of its BlackRock Ventures acquisition earlier this month.

Already a major oilsands producer with its operating stake in the Athabasca open-pit and upgrading project in northern Alberta, Shell plans to rapidly grow its in-situ business which harvests reserves that are too deep for conventional mining.

cbc