Maersk acquires SK Energy's Brazilian portfolio for US$2.4 billion
The deal marks a substantial expansion of Maersk's Brazilian interests, and heralds SK Energy's exit from the country. The value in the portfolio is largely attributable to the producing Polvo field and the undeveloped Wahoo and Itaipu pre-salt discoveries. There is additional pre-salt exploration potential on both blocks. Both Wahoo and Itaipu are recent discoveries that have yet to be fully appraised. At present, there is significant uncertainty around the size and ...