3R submits best offer for Petrobras oil fields

3R submits best offer for Petrobras oil fields

M&A Energy Oil Brazil

Brazilian oil and gas company 3R Petroleum has opened negotiations with Petrobras after submitting the highest bid to buy the state-owned company's exploration and production (E&P) assets in the Potiguar Basin, according to securities filings on Friday. Rio de Janeiro-based 3R offered to pay over $1 billion for the 26 onshore and shallow water oil fields in the northeastern state of Rio Grande do Norte along with the Potiguar Clara Camarão Refinery (RPCC) and the Guamaré water transportation

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