Estimated combined daily production will be about 400,000 barrels of oil equivalent - a 78% increase over Petro-Canada's stand-alone figure.
Petro-Canada's and Veba's combined proven reserves are more than 1.4 billion barrels of oil equivalent - a 71% increase over Petro-Canada's previous position.
Veba, which is headquartered in Germany, produces about 175,000 barrels of oil equivalent per day while its production and exploration interests are concentrated in three regions: the North Sea, north Africa, and northern Latin America.
The
