Unocal considers sale of Canadian E&P assets

May 11, 2005
Unocal Corp. said it will seek proposals from qualified prospective buyers for its Northrock subsidiary's exploration and production assets in western Canada.

By OGJ editors

HOUSTON, May 11 -- Unocal Corp. said it will seek proposals from qualified prospective buyers for its Northrock subsidiary's exploration and production assets in western Canada.

The properties, which would not include the company's midstream and storage assets, are in British Columbia, Alberta, and Saskatchewan.

Production from these properties in the first quarter of 2005 averaged 36,900 b/d of oil equivalent, including 100 MMcfd of natural gas and 20,000 b/d of oil and natural gas liquids. The average net production after royalties in the same period was 29,600 b/d.