Who owns Serafina energy?

Serafina Energy to be acquired by Strathcona Resources. (Credit: ingrs from Pixabay) Canada-based Strathcona Resources has reportedly signed a deal worth C$2.3bn ($1.8bn) to acquire Serafina Energy, a producer of thermal heavy oil in the Canadian province of Saskatchewan.

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.

What business does Serafina Energy operate in?

Serafina Energy Ltd. is an oil and gas company that performs geophysical, geological, and other exploration services for oil and gas. The Company focuses on the development of conventional heavy oil and thermal heavy oil assets. Serafina Energy serves customers in Canada.

When is Serafina Energy expected to close?

The latest transaction is anticipated to be closed on 29 August 2022. Serafina Energy is engaged in producing thermal heavy oil at its steam assisted gravity drainage (SAGD) facilities in Edam and Meota, Saskatchewan, Canada.

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.

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.