CNOOC TO BUY NEXEN FOR US$ 15.1 BILLION IN LARGEST CHINESE-CANADIAN ENERGY ACQUISITION

摘要

In what would be by far the biggest Chinese acquisition in the Canadian oilpatch, state-owned CNOOC Limited has agreed to buy Nexen Inc. for US$15.1 billion. CNOOC has invested $2.8 billion in Canada since 2005 when it bought a 16.7 per cent stake in then-private MEG Energy Corp. for US$122 million. CNOOC is already partnered with Nexen through its 35 per cent stake in the Long Lake steam assisted gravity drainage (SAGD) and upgrader project acquired through last year's $2.1-billion purchase of OPTI Canada Inc.