PXP Energy completes acquisition of Pitkin Petroleum - BusinessWorld Online

📆 06/12/2022 08:15:00
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PXP ENERGY Corp. has fully acquired Pitkin Petroleum Ltd. the Pangilinan-led oil and natural gas firm announced on Monday.

The company said in a disclosure to the stock exchange that it has completed the acquisition of the remaining 46.57% interest in Pitkin Petroleum. It previously held 53.43% stake in Pitkin Petroleum.

It said the acquisition is “part of its continued efforts on streamlining the corporate structure of subsidiaries involved in overseas Oil & Gas exploration projects.”

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