Canada's Penn West sells stake in Saskatchewan oilfield

Thu Oct 1, 2015 6:48am EDT
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(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)