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Cenovus offered Palliser resources in Alberta to Torxen for $1.3B

  • October 19, 2017
  • Business

Cenovus Energy Inc. says it has concluded to sell a Palliser wanton oil and healthy gas resources in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion.

The money sale is approaching to tighten in a fourth quarter, theme to prevalent conditions.

This is a latest in a fibre of resources a Calgary-based oilsands association has sole to revoke a $3.6 billion asset-sale overpass facility.

On Sept. 25, Cenovus pronounced it had concluded to sell a Suffield wanton oil and healthy gas operations in southern Alberta to International Petroleum Corporation for $512 million in cash.

The association progressing announced a sale of a Pelican Lake complicated oil operations in northern Alberta for $975 million in money to cross-town opposition Canadian Natural Resources.

In late Mar Cenovus announced a $17.7 billion merger of many of a Canadian resources of Houston-based ConocoPhillips, along with a devise to lift $3 billion by arising new shares and a offered of a Pelican Lake and Suffield operations.

Article source: http://www.cbc.ca/news/canada/calgary/cenovus-palliser-alberta-assets-sale-1.4361949?cmp=rss

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