(EnergyAsia, April 15) — Hong Kong-listed upstream company CNOOC Limited said it has agreed to pay C$150 million for a 16.69% stake in Canada’s based oil sands producer, MEG Energy Corp. (US$1=C$1.2). CNOOC said the deal representing 13,636,364 common shares of MEG was signed by wholly owned subsidiary CNOOC Belgium BVBA. Calgary-based MEG is…
CHINA: CNOOC Ltd pays C$150 million for 16.69% stake in Canada’s MEG Energy
Posted on April 15, 2005 by EnergyAsia