The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06 - Extraction of crude petroleum and natural gas
200 jobs Number of planned job creations
Announcement Date
4 September 2012
Employment effect (start)
4 September 2012
Foreseen end date
Description
New investment of the Portuguese government in the development and production of hydrocarbons will create 200 direct jobs. A further 1400 indirect jobs are expected to be created over the next 5 years.
The Portuguese government signed a contract for a project for the development and production of hydrocarbons in Portugal with a duration of 5 years. The approved plan was submitted by the Mohave Oil & Gas company following a successful test drilling in the Aljusbarrota-3 concession near Alcobaça.
Sources
4 September 2012: Boas Noticias
Citation
Eurofound (2012), Mohave Oil & Gas, Other in Portugal, factsheet number 74109, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74109.
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