Announced
Synopsis
3R Petroleum, an oil and gas company, agreed to acquire Duna Energia, an oil & energy company, from BTG Pactual, a financial services company, for $72m. The geographic position of the fields will enable future integration with the Macau Cluster operation, which strengthens 3R's strategy of forming synergistic asset complexes, optimizing resources and, consequently, reducing the cost of integrated operation of the assets in its portfolio. In the first half of 2021, the combined average oil production from Ponta do Mel and Redonda Fields was 475 barrels per day.
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