Petronas Denies Signing Pact for Brazil Oil Rights

KUALA LUMPUR - Malaysia's state-run oil and gas company Petroliam Nasional Bhd., or Petronas, hasn't signed any pact with Brazil's OGX Petroleo e Gas Participacoes SA or any other company to purchase rights in a Brazilian oil block, Petronas said in a statement Wednesday. 

The company was responding to media reports that Petronas is in talks to acquire OGX's 40% interest in the Tubarao Martelo oil block in Brazil's Campos Basin. 

Petronas last year bought Canada's Progress Energy Resources Corp. in a 5.18 billion Canadian dollar ($5.1 billion) deal.

Copyright (c) 2012 Dow Jones & Company, Inc.

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