BP takes on more Brazilian offshore acreage
LONDON, July 15
LONDON, July 15 (Reuters) - British oil company BP PLC said on Monday it would farm in to five deepwater exploration and production concessions operated by state-owned Petrobras in the Potiguar Basin, expanding its Brazilian offshore presence.
Subject to regulatory approvals, BP Energy do Brasil Ltda. will take a 30 percent interest in blocks POT-M-663, and POT-M-760 (contract BM-POT-16), and a 40 percent interest in blocks POT-M-665, POT-M-853 and POT-M-855 (contract BM-POT-17). Together these blocks cover a total area of 3,837 square kilometres, BP said.
It did not give any financial details.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp |
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief