Attached files
| file | filename |
|---|---|
| 8-K - 8-K - IMPERIAL OIL LTD | d696280d8k.htm |
Exhibit 99.1
| Imperial Oil Limited 237 – 4th Avenue S.W. Calgary, AB T2P 0H6 |
News Release |
Imperial Agrees to Sell Certain Western Canada Conventional Oil and Gas Assets
Calgary, March 17, 2014 — Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately CA$855 million. The transaction is expected to close in May.
Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split evenly between oil and gas.
Imperial Oil is one of Canada’s largest corporations and a leading member of the country’s petroleum industry. The company is a major producer of crude oil and natural gas, Canada’s largest petroleum refiner, a key petrochemical producer and a leading marketer with coast-to-coast supply and service station networks.
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FOR MORE INFORMATION, CONTACT:
| John Charlton Investor Relations 403-237-4537 |
Leanne Dohy Public and Government Affairs 403-237-2710 |