oil & gas assets
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IS - BW gets nod for Maromba buy ahead of planned E&P spinof - September 2019



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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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