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Japan’s Inpex and JGC foray into Canada’s shale
December 14, 2011
Japanese companies Inpex and JGC are venturing into Canada’s unconventional resources for the first time with the acquisition of a 40% stake in Nexen’s British Columbia shale holdings for $674.9 million. When the deal is sealed in the first quarter of 2012, Nexen will keep 60% and operatorship of the JV company Inpex Gas British Columbia Ltd. Inpex, Japan’s largest oil and gas company, will get a 32.8% stake. LNG terminal builder JGC, whose first unconventional entry involved the acquisit...
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