Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, is looking to sell some assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets said.
"BMO Capital Markets has been engaged by Progress Energy to assist with the sale of its Deep Basin assets in Alberta," the bank said on its website under a section on deals it was working on. It was not clear when BMO was hired by the Petronas unit, but a document detailing the asset was dated October 2017. The asset includes more than 400,000 gross acres in the Deep Basin with a 63 percent working interest, BMO said. Petronas was not immediately available for comment. (Reporting by A. Ananthalakshmi)