Bridas Corporation
| Revenue |  US$600 million (1997)[1] |
|---|---|
| US$310 million (1997)[1] | |
| Owner | CNOOC (50%) |
Bridas Corporation is an Argentine independent oil and gas holding company based in Buenos Aires. Since March 2010 it is 50% owned by China National Offshore Oil Corporation.[2]
Operations
Bridas Corporation was founded by the Bulgheroni family in 1948, and grew to become the second-largest producer of fossil fuels in Argentina (after the state-owned YPF), with production of over 78 million boe in 2004.[3] Bridas has focused in the South America Southern Cone and Central Asia. Its activities includes four principal areas of operations:
- exploration and development of oil and gas reserves and the production of oil and gas;
- marketing and transportation of oil, gas and oil products;
- gathering, treatment, processing and distribution of gas and power generation;
- drilling and well services.[4]
Trans-Afghanistan pipeline controversy
Bridas began expanding into the
Pan American Energy
In 1997, Bridas and Amoco (now BP) established a joint venture named Pan American Energy.[1] The stake of BP is 60% and the stake of Bridas is 40%. On November 28, 2010, it was announced that Bridas would acquire the BP's stake for $7.06 billion in cash.[2] In 2011 the deal was cancelled.[10] In September 2017, BP and Bridas agreed to merge their interests in Pan American Energy and Axion Energy to form a jointly owned Pan American Energy Group.[11]
See also
References
- ^ a b c Clarín (9/6/1997) (in Spanish)
- ^ a b "BP Sells 60% Stake in Pan American Energy to Bridas Corp. for $7.1 Billion". Bloomberg. 2010-11-28. Retrieved 2012-07-14.
- ^ Gas & Oil: Argentina's Bridas eyes $ 5 bn oil asset sale
- ^ "Bridas Corporation - Description". OilVoice. Retrieved 2008-06-30.
- ^ World Press Review: Timeline of Competition between Unocal and Bridas for the Afghanistan Pipeline (December 2001)
- ^ Clarín (11/8/2005) (in Spanish)
- ^ BBC News: Taleban in Texas for talks on gas pipeline (12/4/1997)
- ^ "BBC News: Taleban says it's ready to sign Turkmen pipeline deal (1/4/1998)". Archived from the original on 2002-12-30. Retrieved 2008-06-29.
- ^ "Environment News Service: Afghanistan's New Pipeline Deal May Be Just Another Pipe Dream (4/17/2006)". Archived from the original on 2006-11-14. Retrieved 2008-06-30.
- ^ Macalister, Terry (2011-11-06). "BP's $7bn sale of Pan American Energy to Argentinian firm collapses". The Guardian. Retrieved 2012-07-14.
- ^ "BP in South American venture with Argentina's Bridas". Reuters. 2017-09-11. Retrieved 2017-12-26.