New Market Research Report: Plains Exploration & Production to Acquire a 52% Interest in the Highly Prospective Mazagan Exploration Permit Offshore Morocco from Pura Vida Energy for US$230MM - Deal Analysis from GlobalData
Plains Exploration & Production Company (PXP) has agreed to acquire a 52% working interest in the Mazagan exploration permit in Essaouira Basin, in offshore Morocco, from Pura Vida Energy NL (Pura Vida Energy). The transaction is estimated to be valued at a maximum of approximately US$230MM. Under the terms of the agreement, PXP will make a cash payment of US$15MM to farm-in to Pura Vida Energy's 75% working interest in the Mazagan permit area. PXP will gain a 52% working...
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