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    1. Business Briefs

    EnCana closes sale of Chinook interest off Brazil to Hydro

    Aug. 18, 2006
    The sale of EnCana Corp.'s 50% interest in the Chinook heavy oil discovery offshore Brazil to Norsk Hydro ASA has closed. The sale was valued at $350 million.

    Offshore staff

    CALGARY, Canada -- The sale of EnCana Corp.'s 50% interest in the Chinook heavy oil discovery offshore Brazil to Norsk Hydro ASA has closed. The sale was valued at $350 million.

    Block BM-C-7 with the discovery is in Campos basin. The sale leaves EnCana with 10 interest in deepwater exploration blocks off Brazil.

    8/18/06