Deal Snapshot
PetroRio Acquires Interest in the Wahoo and Itaipu Fields Based in Brazil
Friday 20 November 2020

Brazil-based oil and gas company Petro Rio S.A. (B3: PRIO3) has signed an agreement with Brazilian energy company BP Energy do Brasil Ltda. to acquire interests in Wahoo and Itaipu Fields, the company said.

Petro Rio intends to acquire interests of 35.7% in the BM-C-30 Block (Wahoo) and 60% in the BM-C-32 Block (Itaipu). Subject to the necessary approvals, Petro Rio will become the operator of both pre-salt fields.

Date Published: 20/11/2020