OilVoice | Key Trends in Oil & Gas Deals in 2010

☼▬► The largest deal of the quarter came from Sinopec acquiring a 40% stake in Repsol Brasil for $7.1 billion and gaining a foothold in the increasingly popular Brazilian offshore pre-salt reserves. This sector is about to undergo major development with the massive $43 billion deal by Petrobras and consequent financing paving the way for a development charge. ◄▬☼