Friday, May 18, 2007

UPDATE 1-Nippon Oil says it, M'bishi buy US Gulf oilfield stake

(Reuters) - The two companies each have an 11.6 percent stake. The acquisition reduced Anadarko's stake in the field to 41.8 percent, Nippon Oil said. The field is producing 40,000 barrels per day worth of crude oil and natural gas and the deal would give the two firms a right to about 9,300 barrels per day of output, Nippon Oil said in a statement.




Read more at Reuters.com Mergers News

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