Centrica, Qatar Petroleum Purchase Suncor Gas Fields 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.

To view the whole press release, click here.