Interest Sold in Gas Plant

摘要

Advantage Oil & Gas is selling a 12.5% interest in the Glacier Gas Plant in Alberta to a strategic partner for C$100 million in cash. It did not name the buyer. The Glacier plant is one of the largest producer-owned gas processing facilities in Canada. It was commissioned by Advantage in 2010 and expanded in six phases to reach capacity of 400 MMcf/d of raw gas and 6,800 b/d of natural gas liquids by 2018.