Statoil Canada and PTTEP Canada Limited donate $1 million to Calgary and area flood relief
CALGARY -- Following the worst flooding in Alberta's history, Statoil Canada Ltd., a subsidiary of Norwegian energy company, Statoil ASA, and PTTEP Canada Limited, a subsidiary of Thailand-based PTT Exploration and Production Public Company Limited, will donate $1-million ($500,000 each) to the Canadian Red Cross to help residents affected by the flooding in Calgary and other communities in Southern Alberta.
"Our thoughts are with everyone affected by this devastating flooding in Alberta," said Ståle Tungesvik, president of Statoil Canada Ltd. "Statoil has a long-term relationship with the Red Cross, and we fully support their important work wherever we do business around the world."
Statoil Canada and PTTEP Canada are partners in the KKD Oil Sands Partnership which owns oil sands assets in the Athabasca basin. Production from these assets has started since early 2011.