October 1, 2015 / 10:50 AM / in 2 years

Canada's Penn West sells stake in Saskatchewan oilfield

(Reuters) - Canada's Penn West Petroleum Ltd said it would sell its non-operated 9.5 percent stake in Weyburn unit, a conventional oilfield in Southeast Saskatchewan, for C$205 million ($154 million).

The company also cut its 2015 production forecast to 84,000–88,000 barrels of oil per day (boe/d) from 86,000–90,000 boe/d.

Reporting by Anet Josline Pinto in Bengaluru; Editing by Savio D'Souza

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below