The Conversation (0)
Centrica, Qatar Petroleum Purchase Suncor Gas Fields for $1 Billion
Apr. 15, 2013 11:02AM PST
Oil and Gas InvestingBloomberg reported that Centrica and Qatar Petroleum bought natural gas fields from Alberta’s Suncor for $1 billion.
Bloomberg reported that Centrica and Qatar Petroleum bought natural gas fields from Alberta’s Suncor for $1 billion.
As quoted in the market report:
The acquisition provides attractive returns in a region we know well, and significantly increases the size and quality of our portfolio,” Sam Laidlaw, chief executive officer of Windsor-based Centrica, said in the statement. With the prospect to develop another 1 million acres, it has “the potential to improve returns further.