Upon the completion of the farm-up agreements, SundaGas will retain operatorship and hold a 60 percent working interest in the Chuditch PSC, while Timor Gap will have a 40 percent interest.
Baytex has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, for $113.23 million (CAD 153.8 million).
The Ridley Energy Export Facility is planned to be a large-scale coastal terminal that will have the capability to export LPGs, methanol, and other bulk liquids.