CALGARY, June 26, 2013 /CNW/ - 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 (PTTEP), will donate CDN$1-million (CDN$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."
"We extend our heartfelt sympathy to all of those in Southern Alberta who have been affected by this disaster. As a new company to Canada, we are proud to be part of such a resilient and generous community," said Yothin Tongpenyai, president, PTTEP Canada Limited. "It is our privilege to support the important work of the Canadian Red Cross in responding to this crisis."
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.
Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.
Established in 1985, PTTEP is Thailand's sole petroleum exploration and production company. PTTEP is one of the top five publicly listed companies on the Stock Exchange of Thailand and invests in more than 40 E&P projects across 12 countries with a workforce of more than 3,000 employees. The company operates globally to provide reliable energy supply and sustainable value to all stakeholders, driven by technology and green practices.
SOURCE: Statoil Canada Limited
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