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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

OGX Buys Interest in Offshore Brazil From Petrobras

OGX Petroleo Petrobras
AnnouncedNov 26, 2012
TypeProperty
Announced Date
November 26,2012
Close Date
November 26,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
270




Snapshot
Asset/Basin:
{"Santos Basin"}
TargetZones:
{"Post-salt (Santos
Location
Region
South America

Country
Brazil


Transaction Details:  Subscribe to see

OGX has entered into an agreement with Petrobras to acquire a 40% participating interest in Block BS-4, located in the Santos Basin. The purchase and sale is subject to National Petroleum, Natural Gas and Biofuels Agency (ANP) approval.

"We are very pleased with this acquisition, which demonstrates that OGX is aware of business opportunities in Brazil that can contribute to the growth of our portfolio," said Luiz Carneiro, Chief Executive Officer of OGX.

The remaining concession rights for Block BS-4 belong to a consortium formed by Queiroz Galvão Explorao e Produ磧ão SA, which holds the…

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