Nexen is seeking a joint-venture partner to help fund development of new shale-gas reserves in western Canada, The Wall Street Journal reports. The Canadian energy company has appointed Bank of America as an adviser to solicit interests in developing shale-gas land northeastern British Columbia.
The Calgary-based company expects to find a partner and close a deal during the second half of this year. Nexen has not decided whether it will seek foreign investments in its shale-gas properties.
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