News
11 October 2018

Petrobras forms joint venture with Murphy in Gulf of Mexico

In:
Oil & gas
Region:
Americas

Brazilian oil giant Petrobras is forming a joint venture with US-based Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico. Petrobras will have a 20% stake in the joint venture, and Murphy will have 80%. Petrobras will receive $1.1 billion in the transaction, according to a...

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