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Wednesday, January 23, 2019
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Home Energy News Petronas to acquire Montney Gas holding of Talisman Energy

Petronas to acquire Montney Gas holding of Talisman Energy

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Petronas acquired properties in Farrell Creek and Cypress areas of B.C in 2012, and are now being sold to Progress Energy Canada Ltd.

 Moore said: “In making my determination, I carefully considered the plans, undertakings and other information submitted by Progress Energy Canada Ltd. in light of the net benefit factors..”

 Talisman energy Inc. signed a deal in November in which Progress will acquire more than 51 000 net hectares of land in areas of Montney that Talisman owns through a 50-50 partnership with Sasol.

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 The deal also includes interests in wells, processing plants and pipelines.

 Petronas has said it intends to invest up to $11 billion in a LNG export terminal near Prince Rupert, B.C.

 

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