July 2 (Reuters) - Canadian oil and gas producer

Whitecap Resources ( SPGYF ) said on Tuesday it would raise about

C$520 million ($378.73 million) by selling working interests in

two projects and securing investment for an upcoming facility,

in separate deals.

According to terms of one of the deals, Pembina Gas

Infrastructure (PGI), jointly owned by Pembina Pipeline ( PBA )

and private equity firm KKR, would acquire a 50% working

interest in Whitecap's Kaybob gas processing complex and help

develop its upcoming Lator facility.

Gross proceeds related to this transaction are about C$420

million and PGI would get access to production volumes from the

two facilities.

The Kaybob complex has a natural gas processing capacity of

165 million cubic feet per day. Whitecap would remain its

operator and retain the rest of the working interest after the

deal's closing, which is expected to take place in the third

quarter.

The Lator facility is expected to start up in late 2026 to

early 2027 and PGI would own parts of the infrastructure in it.

Separately, Topaz Energy has acquired a 50% working interest

in Whitecap's Musreau facility for C$100 million.

The Musreau facility currently produces at a rate 14,000

barrels of oil equivalent per day and Whitecap plans to reach

full capacity by the end of 2024.

This deal closed on June 24.

($1 = 1.3730 Canadian dollars)