Announced
Completed
Financials
Tags
Domestic
Integrated Oil and Gas
Private
oil fields
Friendly
Single Bidder
Brazil
Acquisition
Majority
Completed
Synopsis
PetroRio, an oil and gas company, completed the acquisition of Albacora Leste field from Petrobras, a state-owned Brazilian multinational petrol company, for $2.2bn. "This operation is in line with the company's portfolio management strategy and the improved allocation of its capital, aiming to maximize value and provide a greater return to society. Petrobras continues to increasingly concentrate its resources on assets that have shown a great competitive advantage over the years, with lower greenhouse gas emissions,” Petrobras.
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