Report summaryPETRONAS gained a position in western Canada through a JV with Progress Energy Resources in 2011. PETRONAS subsequently acquired Progress in December 2012 for Cdn$5.5 (US$5.1 billion). Progress was a gas-focused producer with an impressive Montney land base in British Columbia. Its portfolio includes liquid-rich properties in the Deep Basin of Alberta. This analysis examines PETRONAS' assets in Alberta. In western Canada, the company also holds interests in British Columbia, for ...
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