Chevron sells stake in Duvernay shale to Kuwait

摘要

Chevron Canada Limited, is selling a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company's wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion. The total purchase price includes cash paid at closing, as well as a carry of a portion of Chevron Canada's share of the JV's future capital costs. The Duvernay is in west-central Alberta.