Indian Oil acquires Assets in BC and West Coast

Indian Oil Corporation Limited, through its affiliates, acquired – as per its purchase and sale agreements with Progress Energy Canada Ltd. and PETRONAS Carigali Canada B.V. – a 10 per cent interest in Progress Energy Canada Ltd.'s natural gas reserves in northeast British Columbia and in the proposed Pacific NorthWest LNG export facility on Canada's West Coast, and related joint venture arrangements.

Indian Oil Corporation Limited was represented by Stikeman Elliott LLP's Fred Erickson, Kurtis Reed, Kevin Guenther, Andrew Wong, Cameron Anderson and Patrick McNally (energy/M&A); David Weekes and Julie D'Avignon (tax), and Paul Collins and Michael Kilby (competition/ICA).

Progress Energy Canada Ltd. and PETRONAS Carigali Canada B.V. were represented by Norton Rose Fulbright Canada LLP's Chrysten Perry, Michael Bennett, Robert Froehlich and Jaclyn Hesje (corporate/M&A); Dion Legge and Darren Hueppelsheuser (tax) and John Carleton (competition/ICA).
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