Agreements reached for the sale of oil and gas assets in western CanadaImperial Oil LTD • December 8th, 2005 • Petroleum refining
Calgary, December 6, 2005 — Imperial and ExxonMobil Canada have entered into agreements with ARC Resources Ltd. for the sale of assets which include Imperial’s interests in the Redwater field (operated by Imperial), as well as its interest in the North Pembina field (operated by ExxonMobil Canada)and ExxonMobil Canada’s interests in the North Pembina field. The purchase price of the assets to be acquired by ARC is $480M (Cdn). Both properties are located in Alberta — Redwater, near Edmonton; North Pembina, near Drayton Valley.
