Chevron seals $1.5bn Kaybob farmout

US supermajor Chevron has sold a 30% stake in its Duvernay shale play in Canada to Kuwait Foreign Petroleum Exploration Company (Kufpec) for $1.5 billion.

Duvernay deal: John Watson's Chevron nets $1.5bn in Canadian shale farmout
Duvernay deal: John Watson's Chevron nets $1.5bn in Canadian shale farmout
Published 6 October 2014, 10:11Updated 11 October 2016, 15:45
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