Overview

CNOOC Petroleum North America ULC gifts CAD 510,000 to the Regional Recreation Corporation of Wood Buffalo (RRC) to support the sustainability and expansion of the MacDonald Island Park

Commitments (Constant USD, 2023)$511,883

Commitment Year•2013Country of Activity•CanadaDirect Recipient Country of Incorporation•CanadaSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 19, 2013

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

CNOOC Petroleum North America ULC (formerly CNOOC Canada Holding Ltd and Nexen Energy ULC)

Receiving agencies

State-owned companies

Regional Recreation Corporation of Wood Buffalo (RRC)

Loan description

CNOOC Petroleum North America ULC gifts CAD 510,000 to the Regional Recreation Corporation of Wood Buffalo (RRC) to support the sustainability and expansion of the MacDonald Island Park

Narrative

Full Description

Project narrative

On October 19, 2013, at the annual State of the Island Gala on MacDonald Island, CNOOC Petroleum North America ULC, formerly known as Nexen Energy Ltd., announced a CAD 510,000 contribution to the Regional Recreation Corporation of Wood Buffalo (RRC). CAD 460,000 were given as a corporate gift, and CAD 50,000 were given as a stipulation of a Stadium Suite Naming Agreement between the two parties. The funds were used to support the sustainability and expansion of the MacDonald Island Park's various recreational facilities, which provide services to visitors and residents of the Wood Buffalo area. CNOOC Petroleum North America ULC is a wholly-owned subsidiary of CNOOC Limited, which is a wholly-owned subsidiary of the China National Offshore Oil Corporation (CNOOC).