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Friday, 29 August, 2008, 03:30 GMT | more prices >>

Mariner seals Mexico Shelf deal



By Upstream staff 

Mariner Energy said today that it has closed its previously announced purchase of an operating subsidiary of Hydro Gulf of Mexico, a subsidiary of StatoilHydro, which owns most of StatoilHydro’s Gulf of Mexico shelf operations.

In order to finance the deal, the US-independent increased its secure credit facility to a maximum of $1 billion, subject to an increased borrowing base as of today, and extended the facility’s term toll 31 January 2012.


Friday, 01 February, 2008, 01:38 GMT  | last updated: Friday, 01 February, 2008, 01:38 GMT

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