IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Petronas Enters North American Shale Gas Market in $1.09-Billion Deal

12:58 PM MDT | June 9, 2011 | Lindsey Bewley

Petronas says it will partner with Progress Energy Resources (Calgary, AB) to develop shale-gas assets in the Montney shale plays of northeastern British Columbia. Petronas will acquire 50% of Progress’s interest in the three areas for C$1.07 billion ($1.09 billion). The assets will be operated by Progress and include about 150,000 gross working-interest acres of land with an estimated contingent gas resource of more than 15 trillion cu feet. The deal is expected to close in the third quarter of 2011.   The two companies have also agreed to collaborate...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa