The Athabasca Oil Sands Project is a Joint Venture that combines the expertise and financial resources of three leading resource-based companies:

Shell Canada Limited with a 60 percent interest, Chevron Canada Limited (ChevronTexaco) with a 20 percent interest, Western Oil Sands Inc. with a 20 percent interest.

The design of our partnership was deliberate: Shell holds the leases; Shell and ChevronTexaco share the upgrading expertise and knowledge of refining; and Western provides the mining and extraction skills.

The Project:

● The Athabasca Oil Sands project is the first fully-integrated oil sands project in 25
years

● Will ramp up to 155,000 barrels per day of bitumen in 2003

● Is capable of supplying 10 per cent of Canada’s oil needs

● Was one of the largest employers of trades and construction workers in Canada,
employing 14,000 workers at the peak of construction in early 2002

● Has created more than 850 permanent operating jobs

● Has set an industry safety record and a new standard for safety in Canada

● Has targets to reduce, by 2010, its greenhouse gas emissions by 50 per cent, making emissions less than those associated with
imported oil, which it will displace

Sources: Shell Canada Ltd., Western Oil Sands Inc;