Oil and Gas

Petrobras and Murphy form joint venture to explore oil and gas in Gulf of Mexico

Dec, 04, 2018 Posted by datamarnews

Week 201849

Brazil’s state-owned oil company, Petrobras has entered into a joint venture with Murphy Exploration & Production Company for oil and gas exploration in the Gulf of Mexico. Petrobras received US$795 for the deal and will have a 20% stake.


Supporting Sources:

https://in.reuters.com/article/us-petrobras-m-a-murphy/brazils-petrobras-to-explore-for-oil-and-gas-with-murphy-in-gulf-of-mexico-idINKBN1O213G

Brazil’s Petrobras to explore for oil and gas with Murphy in Gulf of Mexico

SAO PAULO (Reuters) – Brazil’s state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing

Petrobras received $795 million for the deal, and will have a 20 percent stake in the venture.

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