Petro Rio S.A. (BOVESPA:PRIO3) agreed to acquire additional 40% stake in Itaipu Fields from TotalEnergies EP Brasil Ltda on September 27, 2022. Petro Rio will pay $75,000 upon closing the acquisition, and another $26.9m after it has decided on the destination of Itaipu. Upon completion of the transaction, Petro Ri's stake in the field will increase to 100%.

Petro Rio S.A. (BOVESPA:PRIO3) completed the acquisition of an additional 40% stake in Itaipu Fields from TotalEnergies EP Brasil Ltda for US$27 million on March 23, 2023. Under the terms, consideration of US$0.075 million was paid on the closing of the acquisition, and another US$26.925 million will be paid after Itaipu's destination is defined. The acquisition includes BM-C-32 block located in Campos basin, offshore Brazil.