Centrica share price at 21:35




Centrica first entered North America in 2000 following the acquisition of Direct Energy. Since then it has built up an exploration and production business by acquiring a number of assets and small oil and gas production companies in Western Canada.

In 2011, the business acquired full ownership of the ‘Wildcat Hills’ assets and gas processing facilities in Alberta, as well as ‘Carrot Creek’, a package liquids-rich natural gas assets that put it in good stead for growth and established its strong exploration and production presence in Canada.

In April 2013, a deal with Qatar Petroleum International saw Centrica Energy acquire a 60% operating share in C$1 billion worth of high-quality conventional natural gas assets located, mainly, in Southern and Central Alberta. The largest acquisition to date, which also included over one million acres of undeveloped land, secured the business' position as a top ten gas-weighted producer in the Western Canadian Sedimentary Basin with 6,760 operating wells.

Centrica Energy Canada currently employs around 600 people across its Western Canada operations.