Announced
Completed
Financials
Tags
Friendly
Completed
Canada
Cross Border
oil and gas assets
Majority
Integrated Oil and Gas
Single Bidder
Acquisition
Private
Synopsis
i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, completed the acquisition of Central Alberta assets from Cenovus Energy, a senior Canadian oil and gas producer, for $54m. "The company is very pleased to have closed this strategic acquisition, following an intense period of preparatory work to ensure a seamless integration of the new assets into our existing business. We are delighted that all incumbent field operations staff have joined the i3 team which will allow us to rapidly progress initiatives to extract incremental value from new projects and operational synergies from this extensive portfolio," Majid Shafiq, i3 Energy CEO.
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