Sasol has completed a $1.08 billion deal for a 50% stake in
a western Canada shale gas project, the South Africa-based
energy major said on Friday.
The acquisition, worth 1.05 billion in Canadian currency
(C$), gives Sasol a 50% interest in Talisman Energys
Cypress A assets in the Montney Basin.
Officials estimated the contingent resource for Cypress A at
11,200 billion cubic feet.
The deal could eventually lead to a gas-to-liquids project in the region, Sasol
officials said when first announcing the deal in March.