Petrobras, Murphy to Explore in GoM

December 3, 2018

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.

File Image: Credit AdobeStock / © DonVictorio
File Image: Credit AdobeStock / © DonVictorio


Reporting by Carolina Mandl

Related News

COSCO Orders New Semi-Sub Vessel from Chinese Shipyards Venture Global's Calcasieu Pass LNG Terminal Receives FERC Approval Miros Launches Cloud-based Oil Spill Detection Monitoring Tool Louis Dreyfus, MaDfly Launch ROV in Open Sea Operations A.P. Møller Makes All-Cash Offer to Take Svitzer Private