SLB Agrees To Sell Its Interests In The Palliser Block Located In Alberta, Canada; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
SLB has agreed to sell its interests in the Palliser Block in Alberta, Canada. The transaction includes oil and gas wells, surface facilities, a pipeline network, and development rights. The deal is subject to regulatory approval and is expected to close in late Q4 2024.
October 17, 2024 | 9:47 pm
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SLB is selling its interests in the Palliser Block, which includes significant oil and gas assets. The deal is pending regulatory approval and expected to close in late Q4 2024.
The sale of the Palliser Block is a strategic move by SLB to divest certain assets. While the terms are undisclosed, the transaction's completion is contingent on regulatory approval, which introduces uncertainty. The impact on SLB's stock price is neutral in the short term as the market awaits further details.
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