Political factors may have caused ANP delay, says source
The exploration and production licenses acquired from Devon significantly expands BP's presence in Brazil
Brazil's energy regulator has approved the sale of Devon's assets in Brazil to BP - but the acquisition was "at risk of not closing" following the spill in the Gulf of Mexico and political issues may have been a factor in the long delay, says a source close to the deal.
To read more
Subscribe to Latin Lawyer
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Latin Lawyer experts.
Subscribe now