Riverstone Energy has made a C$67 million commitment to Canadian International Oil Corp, part of $200m committed by Riverstone advised entities. Based in Calgary, Canadian International Oil Corp controls and operates an oil field centred on the Montney and Duvernay formations of Western Canada’s Deep Basin, about 400,000 acres in total and currently producing approximately 3,000 boe per day.
The money will go to fund new drilling operations