Pluspetrol Resources to acquire Pressure Pumping Business from Weatherford Argentina.

Synopsis

Pluspetrol Resources, a private energy company specializing in the exploration and production of oil and gas, has agreed to acquire the Pressure Pumping Business from Weatherford Argentina, an oilfield services company. Financial terms were not disclosed.

Principals

target

Weatherford (pressure Pumping Business)

bidder

Pluspetrol Resources Corporation

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Market Context

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Bidder Team (1)

steve crowell

CEO at PLUSPETROL RESOURCES CORPORATION

Manager

bidder

Deals

£ 803 M

Total Value

Vendor Team (1)

girish k. saligram

President and CEO at WEATHERFORD ARGENTINA SA

Manager

vendor

Deals

£ 38 M

Total Value

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