One-Page Deal Sheet
Nexen Inks Horn River Joint Venture with Japan's INPEX Corp
Inpex Corp Nexen Inc.
Announced Date
August 08,2012
Effective Date
July 01,2011
Close Date
August 08,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
700
Asset/Basin:
{"Horn River",Cordova,Liard}
Transaction Details: Subscribe to see
Nexen Inc. announced that we have completed the previously announced sale of a 40% interest in our northeast British Columbia shale gas assets to a consortium led by INPEX CORPORATION of Japan. The total consideration for the sale is $700 million, with 50% cash and a 50% capital carry, effective July 1, 2011.
With the deal closed, strong>Nexen now holds a 60% operated interest in the joint venture lands, which are located in the Horn River, Cordova and Liard basins of northeast BC. strong>The remaining 40% is now owned by INPEX Gas British Columbia Ltd. (IGBC), which is jointly established by…
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