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IS - BW gets nod for Maromba buy ahead of planned E&P spinof - September 2019
BW Offshore has received approval from Brazil’s oil regulator for the acquisition of Chevron and Petrobras’ stakes in the undeveloped Maromba heavy oil field in Brazil’s southern Campos Basin for $115 million. The Brazilian NOC sold its operated 70% WI and the US-based supermajor its 30%, enabling BW to expand its operations in Brazil where it already has two FPSOs. The deal comes ahead of BW’s planned separation of its E&P arm BW Energy......
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