25 August 2011 15:52 [Source: ICIS news]
HOUSTON (ICIS)--Encana is seeking to divest natural gas assets in the ?xml:namespace>
Encana said the assets produce about 125m cubic feet/day (3.5m cubic metres/day) of gas. The divestment includes associated processing and pipeline facilities in the
The planned sale is part of a major divestiture programme as Encana seeks to optimise its portfolio, it said.
Encana has retained investment bank Scotia Waterous for advice on the
Encana added that is also “actively engaged” with potential buyers to sell some midstream assets in the
In June, Encana ended talks with PetroChina on a planned $5.5bn (€3.8bn) shale gas joint venture in western
($1 = €0.69)
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