OREANDA-NEWS. MPX Energia announces that it has signed an agreement with OGX for the acquisition of a 50% stake in the PN-T-168, PN-T-153, PN-T-113 and PN-T-114 onshore exploration blocks, located in the Parnaiba Basin. The Blocks were acquired by OGX during the 11th Exploration License Auction Round organized by Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP), which took place on May 14, 2013.

Pursuant to the Agreement, MPX will acquire a 50% working interest in the Blocks in equal terms and conditions to the bids presented by OGX in the 11th ANP Auction Round. The acquisition price will therefore be equivalent to one half of the signing bonuses and other investment commitments assumed in the winning bids.