CALGARY, March 17, 2014 /CNW/ - Imperial Oil Limited has reached an
agreement to sell its interest in assets located in Boundary Lake,
Cynthia/West Pembina, and Rocky Mountain House in Western Canada to
Whitecap Resources Inc. for approximately CA$855 million. The
transaction is expected to close in May.
Located in British Columbia and Alberta, the assets involved in the
transaction produced about 15,000 oil-equivalent barrels per day in
2013 on a net before royalty basis. Production is split evenly between
oil and gas.
About Imperial Oil Ltd:
Imperial Oil is one of Canada's largest corporations and a leading
member of the country's petroleum industry. The company is a major
producer of crude oil and natural gas, Canada's largest petroleum
refiner, a key petrochemical producer and a leading marketer with
coast-to-coast supply and service station networks.
SOURCE: Imperial Oil Limited
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