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Cenovus to sell Palliser assets for $1.3 bln
October 19, 2017 / 10:12 AM / 2 months ago

Cenovus to sell Palliser assets for $1.3 bln

Oct 19 (Reuters) - Cenovus Energy said on Thursday it will sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger Ltd for C$1.3 billion ($1.04 billion) to pay down debt.

Cenovus continues to target between C$4 billion and C$5 billion in asset sale agreements by the end of the year as it looks to lower its debt, chief executive Brian Ferguson said. ($1 = C$1.2467) (Reporting by Karan Nagarkatti; Editing by Savio D‘Souza)

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