PETALING JAYA: Petroliam Nasional Bhd (Petronas) is expected to almost triple its international unconventional gas reserves to one billion barrels of oil equivalent (boe) after the takeover of Canada's Progress Energy Resources Corp.
A Petronas official said the successful takeover of Progress, valued at C$5.2bil, would give Petronas control of the largest holder in the Montney shale gas area of British Columbia and full ownership of three fields it bought a stake in last year.
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