Encana To Exit China By Terminating PSC With CNNOC

Transaction Type

Sellers

Ovintiv Inc. (fka Encana Corp.)

Buyers

Basin

China; Offshore

Announce Date

Mon, 06/10/2019 - 12:00 PM

Post Date

Jun 10, 2019

Estimated Price

0MM

Description

To divest its China assets by terminating its PSC covering offshore operations and handing over operations to CNNOC. (Expected to close July 31)