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Completion of Maersk Oil's acquisition of Brazilian assets for USD 2.4 billion

ANNOUNCEMENT

 

 A.P. Møller - Mærsk A/S – Completion of Maersk Oil’s acquisition of Brazilian assets for USD 2.4 billion

 

On 23 December 2010 A.P. Møller - Mærsk A/S announced the acquisition by Mærsk Olie og Gas A/S (“Maersk Oil”) of SK do Brasil Ltda. from SK Innovation Co. Ltd. (formerly named SK Energy Co., Ltd).

 The acquisition was subject to customary conditions, including approval from the Brazilian authorities. These conditions have now been fulfilled. Accordingly, Maersk Oil has today completed the acquisition of 100% of the share capital of SK do Brasil Ltda. The acquisition is made via Maersk Oil’s subsidiary Maersk Petroleo Brasil Ltda.

 The acquisition comprises three blocks offshore Brazil – BM-C-008 which includes the Polvo Field (40 percent share, BP operated), BM-C-030 which includes the Wahoo discovery (20 percent share, Anadarko operated) and BM-C-032 which includes the Itaipu discovery (27 percent share, BP operated). 

 For further information, please contact A.P. Møller - Mærsk A/S, Investor Relations: +45 3363 3106.

 

Copenhagen, 21 July, 2011

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