Image courtesy of Apache.

Houston-based Apache said Tuesday it will sell its Provost holdings in Alberta as part of a plan to reduce its international assets portfolio and focus on North American shale projects.

Bids for the Provost oil and gas assets, located in east-central Alberta, are due by the middle of October, Reuters said.

The sale price was not disclosed.

The assets produce about 9,551 barrels of oil equivalent per day and includes a million acres of exploration property.

Canada-based Scotia Waterous, an arm of Scotiabank, is handling the sale.

In July, Apache announced the sale of its 50 percent stake in the Kitimat LNG project in British Columbia. Chevron Canada also owns a 50 percent stake in Kitimat.

Apache will also sell its 13 percent stake in the Chevron operated $27 billion Wheatstone LNG project in Australia.

Apache will keep its holdings in the Duvernay and Montney shale fields in Western Canada and its conventional assets in Alberta and Saskatchewan.

Production at Apache’s Canadian assets averaged a combined 76,692 boepd in the second quarter.


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