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ID - BW Offshore acquires Campos Basin find for $115MM - March 2019

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Having secured approval from Brazil’s antitrust agency, Oslo-listed BW Offshore is acquiring 100% WI in the undeveloped Maromba heavy oil discovery in Brazil’s southern Campos Basin from Petrobras and Chevron. The deal comes more than two years after the two companies launched a joint sales process for the offshore field. The deal continues FPSO builder BW’s strategic diversification into the upstream business, providing what will likely be its second upstream development after the Dussafu Marin oil project off Gabon. If the Marombo......
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