Perenco completed the acquisition of a remaining 51% stake in Mexican operations of Petrofac for $276m.

Perenco, an independent Anglo-French oil and gas company, completed the acquisition of a remaining 51% stake in Mexican operations of Petrofac, a provider of oilfield services to the international oil and gas industry, for $276m. "The signing of this agreement to acquire the remaining shares in Petrofac's Mexico operations marks another strategic move for Perenco, which will allow us to accelerate the deployment of our expertise in relation to the Santuario, Magallanes and Arenque assets. We believe that our unique know-how will significantly enhance the production and value of these mature fields and allow us to address all the associated challenges," Benoit de la Fouchardière, Perenco CEO.