BP sells Canadian assets to Apache
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Submitted by BernieH on Tue, 20/07/2010 - 2:43pm.
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Posts: 36
Joined: 01-03-2007 |
The G&M is reporting that " BP is selling $3.25-billion (U.S.) of energy assets in Western Canada to Apache Corp." " The sale of natural gas assets in Canada accounts for about half of a $7-billion deal with Apache announced Tuesday afternoon, just after the markets closed." Does anyone know if this sale includes the CBM project in the area? |
Joined: 23-12-2006
yes it does:
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7063899
From the release:
Sale of Western Canadian upstream gas assets
The total consideration payable for the Western Canadian gas assets is US$3.25 billion, subject to customary post-completion price adjustments. Approximately 214 million barrels oil equivalent of net proved reserves and 1,368 million barrels oil equivalent of net resources are associated with these assets.
The upstream Western Canadian gas business has net production of 240 million cu ft of gas per day and 6,500 barrels of liquids per day. The producing assets that are included, both operated and non operated, are managed by the following Operating Areas: Noel, Ojay, Chinchaga, Wapiti, Fox Creek, Edson, Marten Hills, South West and St. Lina. Also included is the proposed Mist Mountain coal bed methane project.
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