Showing posts with label Canadian Gas Fields. Show all posts
Showing posts with label Canadian Gas Fields. Show all posts

Jun 3, 2011

Petronas Buys Canadian Gas Fields Worth RM3.32bil


PETALING JAYA - Petroliam Nasional Bhd (Petronas), via its wholly-owned subsidiary Petronas International Corp Ltd (PICL), has signed an agreement with Canada-based Progress Energy Resources Corp to acquire 50% of the latter's interest in shale gas assets worth C$1.07bil (RM3.32bil).

In a statement yesterday, Petronas said the agreement was signed to develop the Altares, Lily and Kahta shale gas assets in north-eastern British Columbia.