3R Petroleum completed the acquisition of the Potiguar Cluster assets of Petrobras for $1.38bn.

3R Petroleum, an oil and gas exploration company, completed the acquisition of the Potiguar Cluster assets of Petrobras, a Brazilian state-run oil company, for $1.38bn. Located in the Potiguar basin, in the state of Rio Grande do Norte, the assets under the sale include a total of 22 oil and gas fields, three offshore concessions, and 19 onshore concessions. The sale also includes the fields’ related infrastructure for processing, refining, logistics, storage, transportation, and outflow of natural gas and oil, as well as the Clara Camarão refinery, located in Guamaré.