The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory approval and is expected to complete in 2020.
Petrofac Limited has signed an agreement to sell its remaining 51% interest in its operations in Mexico - Petrofac Netherlands Holding B.V., including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited.
The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory approval and is expected to complete in 2020.