Petroleo Brasileiro SA (PETR4), the world’s biggest oil producer in deep water, received approval to acquireAnadarko Petroleum Corp. (APC)’s 30 percent stake in an offshore block, the country’s oil regulator said.
Anadarko, based in The Woodlands, Texas, “relinquished” its stake in the ES-M-661 block more than six months ago and is focusing on its assets in the Campos Basin, John Christiansen, a spokesman for Anadarko, said in a telephone interview today. Brazil’s oil regulator, known as ANP, didn’t provide terms of the transaction in a statement today on its website.