(EnergyAsia, June 14, Thursday) — Hosuton-based Pogo Producing Company said it has agreed to sell its entire stake in its wholly-owned subsidiary, Northrock Resources Ltd, for US$2 billion in cash to Abu Dhabi National Energy Company, also known as TAQA.Northrock Resources’ properties, located mostly in Alberta, Saskatchewan and the Northwest Territories, produce around 29,000 barrels…
UAE: Abu Dhabi state company pays US$2 billion for Northrock Resources
Posted on June 13, 2007 by EnergyAsia