Acquisition of Working Interests in Gulf of Mexico ("GOM") Oil and Gas Fields from Pioneer (Additional Information)
Marubeni Corporation
Mar 29, 2006
Marubeni Corporation is pleased to announce that, in connection with our announcement of February 24, 2006 regarding the acquisition by our 100% subsidiary, Marubeni Offshore Production (USA) Inc. of a working interests in multiple oil and gas assets in the GOM from Pioneer Natural Resources USA Inc. (“Pioneer USA,: hereinafter), a 100% subsidiary of Pioneer Natural Resources Company, the final purchase price was USD1.16 billion (JPY136 billion) after the exercise of the preferential rights to purchase by the existing Joint Venture partners. Details are as follows:
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Details of Assets Acquired
Multiple oil and gas assets in the GOM, including several production and development fields and exploration blocks owned by Pioneer USA (total 96 blocks) -
Profile of Pioneer USA
Company name:Pioneer Natural Resources USA Inc.
Headquarters : Irving, Texas US
Employees : 950
Shareholder : Pioneer Natural Resources Company -
Date of acquisition
March 28, 2006 (US time) -
Forecast
The forecast consolidated results for FY2005 remains unchanged
