Encana partnering with PetroChina to develop Duvernay lands

Must Read

Smoky Skies Bulletin issued Friday for Peace River South

FORT ST. JOHN, B.C. - Environment Canada has issued another Smoky Skies Bulletin for Peace River South. According to Environment...

Three new cases of COVID-19 identified in Northern Health Region

VICTORIA, B.C. – Three new cases of COVID-19 were confirmed on Friday, bringing the total in the Northern Health...

Economic recovery plan has “next to nothing” for British Columbians, says Wilkinson

FORT ST. JOHN, B.C. - The Provincial Government released its COVID-19 economic recovery plan on Thursday, and B.C. Liberal...
Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

Encana and PetroChina began working on another natural gas joint venture in 2010, but abandoned it a year later after the two couldn't agree on how the asset would be operated.

Encana will remain the operator of the Duvernay joint venture, which will see the partners together spend $4 billion on drilling, completion and processing facilities over the next four years.
 
Last week, Ottawa approved another Chinese company's $15.1-billion takeover of Calgary-based Nexen., but said future acquisitions of oilsands producers will only be allowed under exceptional circumstances from now on. Because PetroChina is taking a minority interest in the Duvernay lands, it won't be subject to the same federal review the Nexen deal was.
- Advertisement -

Community Interviews with Moose FM


Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This