Devon Energy lays off employees in Canada as oil sands project completed

Oil sands producer Devon Canada has eliminated approximately 200 employees in Alberta, Canada, according to various media outlets, reducing its Alberta workforce to about 1,050.  

Completion of major projects, such as an expansion at the Jackfish thermal oil sands facility near Fort McMurray, was considered a factor in the company's decision to eliminate 15% of its regional staff.

Devon has a 50-50 joint venture with BP to develop a thermal oil sands project called Pike, which is located just south of the Jackfish facility. A decision on timing of this development is expected near the end of 2015.

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