3R registered for an IPO with the CVM

3R Petroleum registered with the CVM the IPO request for shares on the Brazilian stock exchange. The objective is to raise funds for new acquisitions of oil fields in Brazil and to sustain investments in the revitalization of assets.

Starboard, with a stake in the private equity fund Apollo, holds 52.3% of the capital of 3R Petroleum, founded in 2014, with a focus on mature fields and the acquisition of Petrobras assets. This year, Starboard completed the purchase of 100% of Ouro Preto Oil and Gas.

Source: epbr

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