Royal Dutch Shell Plc, London, (NYSE: RDS.A) has acquired 98.8% of Shell Canada Ltd., Calgary, (Toronto: SHC) for C$45 per share in a total deal valued at approximately C$8.7 billion and will exercise a compulsory acquisition to buy the remaining 1.2%. Shell Canada is the third-largest producer in Canada's oil sands and has plans to further expand its production and upgrading capacity. Production is approximately 68,000 barrels of bitumen and 521 million cubic feet of gas per day. The E&P segment operates four sour-gas processing facilities in the Foothills area of Alberta and a number of sour-gas wells in northeast British Columbia and has a 31.3% share of the Sable offshore energy project offshore Nova Scotia, a partnership in the proposed Mackenzie Gas Project in northern Canada with a planned 1,200-kilometer pipeline and an exploration interest in the Orphan Basin offshore Newfoundland.

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