EXCLUSIVE Spanish oil major Repsol looking to sell parts of its Canadian assets -sources – Reuters

EXCLUSIVE Spanish oil major Repsol looking to sell parts of its Canadian assets -sources – Reuters

Feb 7 (Reuters) - Spanish oil major Repsol SA (REP.MC) is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday.

Repsol is seeking buyers for its holdings in the Duvernay basin, in western Canada, which are still in early development stages, according to its website. The company's 170,000 acres (688 square kilometers) in the Duvernay could fetch about C$750 million ($589.9 million), according to an industry source.