Sunshine Oil Sands of Calgary has announced that it has entered
into a "co-operation deal" with a subsidiary of
state-owned China National Offshore Oil Corp. The
two companies have agreed that they will "amicably
negotiate and communicate with each other in respect of cooperation
in developing multiple thermal fluid oilsands exploration
technology in Canada and, if acceptable, sign a cooperation
agreement under which COSL will conduct thermal fluid tests within
the oilsands areas of the Company in order to confirm the
feasibility of multiple thermal fluid techniques and other relevant
technologies with respect to oilsands exploration."
When the new State Owned Enterprises guidelines were
announced late last year,
it was suggested that the result desired by the federal
government would be an increase in the number of joint
ventures:
