FT: Anadarko Shelves Brazil Sale Process
Anadarko Petroleum Corp. has shelved the sale process for its Brazilian assets, the Financial Times reported Thursday.
The FT report, which cited people familiar with the matter, said the assets didn't "attract a high enough price."
Anadarko said in a statement to Dow Jones that "we are continuing to assess what a potential unitization would mean for us and for the value it might represent and therefore we are currently in a holding pattern with regard to any divestitures in Brazil."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- No More Free Lunch Is the Big Change Under Way in the Oil Market (Oct 09)
- Anadarko To Spend $2.5B On Massive Share Buyback (Sep 20)
- Harvey Could Become First Hurricane to Strike Texas Since 2008 (Aug 23)