November 20, 2020
Brazilian oil and gas company PetroRio said Thursday that it agreed to pay $100 million to buy stakes in two offshore oil fields from the local subsidiary of British energy company BP.
PetroRio has acquired 60% of the Wahoo field and 35.7% of the Itaipu fieldin the Campos Basin off the coast of Rio de Janeiro. PetroRio will become the operator of both pre-salt fields, it said in a securities filing.
The Rio de Janeiro-based company will divide the acquisition into five payments with $15 million
Brazilian oil and gas company agrees to pay $100 mln to become the operator of two pre-salt fields in the Campos Basin