Shell to buy Canada's Duvernay Oil for $5.87 bln

Güncelleme Tarihi:

Shell to buy Canadas Duvernay Oil for $5.87 bln
Oluşturulma Tarihi: Temmuz 14, 2008 17:20

Royal Dutch Shell has agreed to buy Alberta-based Duvernay Oil for around C$5.9 billion, ($5.87 billion) the companies said in statements on Monday.

Haberin Devamı

Shell has made a cash offer of C$83 per share, which has been unanimously accepted by Duvernay's board.

The directors have committed to selling their own shares, representing 18.1 percent of Duvernay.

Duvernay has reported over 25,000 barrels oil equivalent per day (boe/d) of production, predominantly in natural gas, with plans to increase production to around 70,000 boe/d by 2012, Shell said.

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