PetroRio Announces the Acquisition of Interest in the Wahoo and Itaipu Fields
Retrieved on:
Thursday, November 19, 2020
Petro Rio S.A. (the Company or PetroRio) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general the signing of an agreement with BP Energy do Brasil Ltda.
Key Points:
- Petro Rio S.A. (the Company or PetroRio) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general the signing of an agreement with BP Energy do Brasil Ltda.
- for the acquisition of interests of 35.7% in the BM-C-30 Block (Wahoo or Wahoo Field) and 60% in the BM-C-32 Block (Itaipu or Itaipu Field), thus, subject to the necessary approvals, becoming the operator of both pre-salt fields.
- Wahoo, with production potential of over 140 million barrels (100% of Wahoo), had oil discoveries in 2008 and carried out formation tests in 2010, and fits precisely in the Companys value generation strategy.
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