Canada’s Nexen agrees with CNOOC to extend deal date to 2 March

28 January 2013 09:17  [Source: ICIS news]

SINGAPORE (ICIS)--Canada’s Nexen announced late on 27 January that the company and China National Offshore Oil Corp (CNOOC) have agreed to extend the agreement date by 30 days to 2 March.

CNOOC was approved by Canada’s government to acquire Nexen in a deal valued at $15.1bn (€11.2bn) in December 2012.

The completion of the acquisition deal, which was originally on 31 January, remains subject to the receipt of US regulatory approval, according to the announcement.

At present, key regulatory approvals have been received from Canada, Britain, China and EU, the announcement added.

In addition, Nexen also announced that it will postpone the release of its 2012 fourth quarter and annual operating and financial results.

($1 = €0.74)

By: Viola Pan
+65 6780 4359

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