Canada's Cenovus Energy Inc has reached an agreement to sell its Weyburn oil facility for C$940 million ($738.53 million) to Whitecap Resources Inc , Cenovus said on Monday, completing its main divesture plans.
Cenovus has been selling assets to pay down debt used to fund its C$16.8 billion acquisition of some ConocoPhillips assets this year. The Weyburn sale would bring Cenovus' asset sale proceeds to about C$4 billion compared with its target of C$4 billion to C$5 billion in asset sales. (Reporting by Ethan Lou)