By OGJ editors
HOUSTON, Sept. 8 -- Petro-Canada paid $30 million (Can.) for 13 additional oil sands leases covering 31,232 hectares next to its existing in situ development at MacKay River in Alberta.
The Calgary company's MacKay River in situ production is 25,000 b/d. The next development stage is an expansion slated to more than double production by 2010.
Neil Camarta, senior vice-president of oil sands, said Petro-Canada has more than 3 years of operating experience at MacKay River, and the new leases fit with Petro-Canada oil sands growth plans.