Petronas Not Eyeing OGX Offshore Blocks in Brazil

Malaysia’s state controlled oil and gas company Petronas yesteday issued a statement in response to media writings on the company’s possible acquisition of OGX ’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin.

Petronas denied the media speculation saying: “Petronas has not entered into any agreement with OGX or any other party with regards to any oil blocks in Brazil.” 

OGX is Brazil’s largest private oil and gas exploration and production company. The company is owned by the eccentric billionaire, Eike Batista whose net worth is estimated to be $10.6 billion, according to Forbes.