Mitsubishi cuts $850M deal with Penn West for B.C. joint venture

摘要

Japan's giant Mitsubishi Corporation has agreed to spend $850 million under a joint venture with Penn West Energy Trust to develop shale gas and conventional natural gas in northeastern British Columbia. Mitsubishi said it expects to invest 300 billion Japanese yen — roughly C$3.8 billion — in the area over the next 15 years. Penn West will serve as operator.