FORT McMURRAY, Alberta – To commemorate the completion of the Syncrude 21 Stage 3 expansion and the UE-1 project, Syncrude announced a major donation of $2.5 million to help meet the growing need for greater recreational facilities in the city of Fort McMurray.
“Fort McMurray is a place we are proud to call home. And it is our hope that through this donation, Syncrude will continue to help our community meet the growing and diverse needs of its residents,” said Syncrude CEO Charles Ruigrok.
This investment will assist in the construction of a new field house for the Syncrude Timberlea Athletic Park ? a facility that will feature four soccer pitches, six ball diamonds, an outdoor hockey rink/lacrosse pitch, and a cricket pitch.
“This community was here long before Syncrude, and we?re very appreciative of the role the community members have played in our success,” said Syncrude chairman and Canadian Oil Sands Limited president and CEO Marcel Coutu, speaking on behalf of the owners at a reception at the Sawridge Inn and Conference Centre, Wednesday, May 24th.
This donation constitutes the largest single community investment ever made in Syncrude’s history.
“I thank the owners for this amazing gift to the community,” said Regional Municipality of Wood Buffalo mayor Melissa Blake. “The support of Syncrude is important to maintaining community balance.”
The Syncrude Project is a joint venture operated by Syncrude Canada Ltd. and owned by Canadian Oil Sands Limited, ConocoPhillips Oilsands Partnership II, Imperial Oil Resources, Mocal Energy Limited, Murphy Oil Company Ltd., Nexen Oil Sands Partnership, and Petro-Canada Oil and Gas.
Trading Symbols for Public Syncrude Joint Venture Owners:
|Canadian Oil Sands Trust |
(via Canadian Oil Sands Limited and Canadian Oil Sands Limited Partnership)
|COS.UN – TSX|
|ConocoPhillips Oilsands Partnership II |
(wholly owned by ConocoPhillips)
|COP – NYSE|
|Imperial Oil Resources||IMO – TSX/AMEX|
|Murphy Oil Company Ltd.||MUR – NYSE|
|Nexen Inc.||NXY – TSX/NYSE|
|Petro-Canada||PCA – TSX/PCZ – NYSE|