Petro Rio S.A. completed the acquisition of an additional 40% stake in Itaipu Fields from TotalEnergies EP Brasil Ltda for US$27 million.
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.