One-Page Deal Sheet
Petronas Acquires Interest in Offshore Brazil Blocks
Petronas OGX Petroleo
Announced Date
May 07,2013
Effective Date
May 01,2013
Close Date
August 05,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
850
Asset/Basin:
{"Campos Basin"}
Location
Region
South America
Country
Brazil
Transaction Details: Subscribe to see
PETRONAS, through its subsidiary PETRONAS Brasil E&P Limitada, has reached an agreement with OGX Petroleo e Gas S.A (OGX) to acquire OGX’s interest in two offshore blocks in Brazil’s Campos Basin.
Under the agreement signed on 7 May 2013, PETRONAS Brasil will acquire 40 per cent of OGX’s interest respectively in Blocks BM-C-39 and BM-C-40 for a total consideration of US$850 million (RM2.6 billion). The blocks are located in the shallow waters 95km offshore Rio de Janeiro state and contain the Tubarão Martelo field which is currently under development.
Brazil is considered to be one of the…
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