Petrobras and Murphy form joint venture to explore oil and gas in Gulf of Mexico
Dec, 04, 2018 Posted by datamarnewsWeek 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:
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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