1 Feb 2014 More

Brightoil Makes $1.08 Billion Purchase of Oil and Gas Assets

posted by Brown Books @ 14:36 0 Comments


Image of oil rig - Brightoil Petroleum Holdings
Brightoil Petroleum Holdings announces that it will purchase the oil and gas assets of the Anadarko Petroleum Corp. for $1.08 billion, this according to Bloomberg.  The acquisition will be in cash to purchase two offshore blocks which have a rate of 32,000 bbl/d.

The deal will give Brightoil a 40 percent stake in block 04/36, which encompasses 124 square kilometers, and block 05/36, which spans 88 square kilometers.

Also from Brown

If you're in the oil business then you know just how important your tools are. Come check out all the great tools at our news tools division site, BrownToolBox.com.

If you like keeping up with news and events, we invite you to come see our new oil & gas media site, BrownPetro.com.

Brown Book Shop, est. in 1946, is America's leading technical bookstore.  Brown Knows Books.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home