On November 2, 2006, Anadarko Petroleum Corporation completed the sale of its Canadian subsidiary, Anadarko Canada Corporation, to Canadian Natural Resources Limited (CNRL) for US$4.085 billion. Anadarko Canada Corporation's assets include oil and gas properties in northeast British Columbia, Alberta, Saskatchewan, the North West Territories and the Canadian Arctic. Excluded from the sale were Anadarko's properties in the Mackenzie Delta.
Houston-based Anadarko Petroleum Corporation is one of the world's largest independent public oil and gas exploration and production companies, with interests in the US, Canada, Brazil, Algeria, Venezuela, Qatar and Indonesia. Canadian Natural Resources Limited, based in Calgary, Alberta, is a senior independent public oil and natural gas exploration, development and production company with operations in Western Canada, the North Sea and offshore West Africa.
Canadian Natural Resources Limited's team was led by Allen Knight, CNRL's senior vice-president international and corporate development, Mary-Jo Case, vice-president land, Trevor Kratz, manager, budgets and financial planning, and Betty Yee, manager, acquisitions and divestitures.
Osler, Hoskin & Harcourt LLP represented Canadian Natural Resources Limited in the transaction with a team led by Robert Desbarats, Q.C. and including Janice Buckingham (energy), Donald Watkins, Q.C. and Stanley Ebel (tax), Peter Glossop and Kevin Ackhurst (competition), Chris Brown (pensions) and Kristin Smith (pensions and employment).
The Anadarko legal team was led by Charlene Ripley, Anadarko's vice-president, general counsel, corporate secretary and chief compliance officer. Stikeman Elliott LLP acted as Canadian counsel to Anadarko Petroleum Corporation, with a team that was led by David Lefebvre and Glenn Cameron and included David Weekes (tax), Susan Hutton (competition), David Taniguchi, Michael Styczen, Charles Kraus and Lisa Grams (corporate), Gary Nachshen (pensions) and Barbara Johnston (employment).