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[ 2012/08/08 | JGC Corporation | Construction | Kanagawa | TSE1 ]

Completion of the Acquisition of Shale Gas Project Interest from Nexen, Canada


The Company's Official Page
http://www.jgc.co.jp/en/01newsinfo/2012/release/20120808.html
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Yokohama, Japan – JGC Corporation is pleased to announce that through INPEX Gas British Columbia Ltd.(*), it has completed the necessary procedures to acquire a 40% participating interest in the shale gas projects in the Horn River, Cordova and Liard basins from Nexen Inc. (Nexen), a Canadian exploration and production company.

This project marks JGC's first foray into the shale gas development business, and is therefore made particularly significant not only as an important milestone in JGC's resource development business, but also as a valuable collaboration with INPEX CORPORATION. This project marks a new opportunity for JGC to develop technology and know-how in the shale gas development and management sector.


(*) INPEX Gas British Columbia Ltd. (INPEX) is jointly established by INPEX CORPORATION and JGC Corporation with the purpose of promoting the shale gas projects in the Horn River, Cordova and Liard basins.



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