Vermilion REP SAS has completed its purchase of ZaZa Energy Corp.’s (Nasdaq: ZAZA) French assets for $76 million.

The assets cover 24,300 acres and the working interests in the Sant Firmin, Chateaurenard, Courtenay, Chuelles and Charmottes fields in the Paris basin.

Vermilion REP is a subsidiary of Vermilion Energy Inc., a Calgary-based oil and gas producer.

Houston-based ZaZa used half of he proceeds to pay down part of its senior secured notes.

For more on energy M&A see “Fracking Fuels Energy Deals” and “Special Report: Energy M&A on Fire in December.” 

Energy industry