INPEX Corporation of Japan announces $700-million Purchase Agreement of Shale Properties

INPEX Corporation of Japan announced today it has reached an agreement to purchase 40% working interest in Nexen Inc.’s gas-rich shale properties in the Horn River, Cordova and Liard basins in northeast BC. The purchasing consortium, led by INPEX, also plans to pursue a feasibility study on building a liquefied natural gas plant in northern BC.

The $700-million dollar deal reflects Japan’s interest in securing new energy sources.

Davis LLP has assisted Japanese companies seeking to expand their businesses in Canada for more than 50 years. Our Japan Practice Group includes uniquely qualified business lawyers who speak Japanese and have extensive experience in dealing with the distinctive needs of Japanese companies.

The Davis team was led by Michael Styczen of the Calgary office and included Andrew Lloyd (Calgary), Danielle Jarvis (Vancouver), Robert Banno (Vancouver), Catherine Pawluch (Toronto), Mika Haga (Tokyo) and Matthew Pollock (Articled Student).

View the Globe & Mail article "Nexen forms shale gas venture with Japan's Inpex".