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Cnooc, Bridas Extend Talks for PanAm Stake

Nov 3, 2011

The joint venture between China National Offshore Oil Corporation’s (CNOOC) and Argentina’s Bridas has extended its talks with BP to acquire the British oil company’s majority stake in Pan American Energy for $7.06bn in cash. The parties had set November...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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