Mubadala snaps up Pearl Energy
Abu Dhabi state-owned company Mubadala has bought explorer Pearl Energy in a
deal worth about $833.3 million.
The debt-free, cash-adjusted price tag is subject to working capital
adjustments.
The deal is expected to complete within the next 45 days.
Singapore-headquartered Pearl holds participating interest in 21 contract
areas in Indonesia, Thailand, the Philippines and Vietnam and, at the end of
last year, had net production of about 19,000 barrels of oil per day.
21 April 2008 20:04 GMT
| last updated:
22 April 2008 14:06 GMT
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