Warburg leads $1.3bn financing round for offshore oil company

Existing investors including Temasek also committed equity in the latest funding round

Venari Resources, a private equity-backed, deep water oil exploration and production company, said it raised $1.3 billion of fresh funding from existing and new investors.

Existing backer Warburg Pincus led the round of funding, according to spokesmen for the New York firm and Venari.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink