Edition:
United Kingdom

BW Offshore may buy Brazil's Maromba oil field


Monday, 4 Mar 2019 

March 4 (Reuters) - BW Offshore Ltd ::CONTEMPLATING FIELD ACQUISITION OFFSHORE BRAZIL.IS CONTEMPLATING TO ENTER INTO AGREEMENTS TO ACQUIRE 100% OF MAROMBA FIELD OFFSHORE BRAZIL FROM PRESENT OWNERS PETROBRAS (70%) AND CHEVRON (30%).CLOSING OF ACQUISITION IS SUBJECT TO BOARD APPROVALS AND FULFILMENT OR WAIVER OF CONDITIONS PRECEDENTS.MAROMBA FIELD IS LOCATED OFF BRAZILIAN COAST IN CAMPOS BASIN IN 160 METRES OF WATER DEPTH, WHERE BW OFFSHORE HAS EXTENSIVE OPERATING EXPERIENCE.COMPANY WILL PROVIDE FURTHER INFORMATION UPON SIGNING OF AGREEMENTS.