PetroChina Pays C$2.18 Billion to Form Encana Joint Venture

PetroChina Pays C$2.18 Billion to Form Encana Joint Venture

Qilai Shen/Bloomberg

PetroChina Co. agreed to form a joint venture with Encana Corp, paying C$2.18 billion for a 49.9 percent stake in Encana’s 445,000 acres in the Duvernay play.