About Serafina energy Ivory Coast
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6 FAQs about [Serafina energy Ivory Coast]
Will Strathcona buy Serafina energy?
Aug 3 (Reuters) - Strathcona Resources has agreed to buy private equity-backed Serafina Energy for C$2.3 billion ($1.8 billion), sources with direct knowledge of the matter told Reuters on Wednesday, marking the largest acquisition by the Canadian private oil and gas producer. The deal is scheduled to close on Aug. 29, the sources said.
Who is Serafina energy?
Serafina Energy is private, oil and gas company that produces thermal heavy oil. The company is comprised of experienced leaders and technical experts who guide the development of its Steam Assisted Gravity Drainage (SAGD) assets. The company was founded in 2013 and is headquartered in Calgary, Alberta.
How much oil does Serafina energy draw a day?
According to the publication, Serafina Energy draws 40,000 barrels of oil per day (bpd). On its website, the company stated that its facilities utilise steam-assisted gravity drainage (SAGD) technology for recovering leftover reserves from existing heavy oil pools that are on the verge of their primary production ability.
Is Serafina energy mulling a sale?
The deal is expected to close later this month, reported Reuters, citing undisclosed sources having direct information about the development. In March 2022, the news agency reported that Serafina Energy was mulling the sale of its business.
What does Strathcona do with Serafina?
Strathcona is focused on the Montney basin in Alberta and British Columbia, Cold Lake oil sands and the Lloydminster heavy oil region. Strathcona produces 110,000 to 115,000 boe per day, mainly liquids. Strathcona and Serafina did not respond to requests for comment on the deal, which the sources told Reuters is scheduled to close on Aug. 29.
Will Serafina be sold?
Reuters reported in March that Serafina's private equity owners, Pine Brook Partners and Camcor Partners, were eyeing a sale of the company. ($1 = 1.2881 Canadian dollars) (Reporting by Shariq Khan and Rod Nickel) ( ( [email protected]; Twitter: @shariqrtrs;))
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