Browse
related articles
QPI acquires Canadian gas and oil assets
- Qatar: Tuesday, April 16 - 2013 at 05:20
Qatar Petroleum International (QPI) and UK-based Centrica have acquired gas and oil assets in Canada from Suncor Energy for C$1bn ($979.15m) including some with potential for shale gas production, Reuters has reported. The fields in the Western Canadian Sedimentary Basin will be held in a new partnership in which Centrica will own a 60% share with the remaining 40% owned by QPI. They include proven and probable conventional reserves estimated by the partners at 978 billion cubic feet equivalent (bcfe), 90% of which is gas. Qatar has imposed a moratorium on further gas export projects from its vast North Field in the Middle East, prompting QPI to look abroad for growth.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
