3R PETROLEUM SIGNS MOU TO BUY DUNA ENERGIA (CENTRAL RESOURCES) FOR US$ 71 MILLION

(PetroNoticias) 3R wants to further strengthen its position in Rio Grande do Norte. With this goal in sight, the company announced an agreement to acquire Duna Energia (formerly Central Resources) for US$ 71 million. If the acquisition is approved and carried out, 3R will gain control over the Ponta do Mel and Redonda fields, in the municipality of Areia Branca (RN), in the Potiguar Basin.

“The geographical position of the fields allows their operations to be integrated in the future with the operation of Polo Macau [another 3R asset], which strengthens 3R’s strategy of forming clusters of synergistic assets, optimizing resources and, consequently, reducing the cost of integrated operation of assets”, wrote the financial director of 3R, Rodrigo Pizarro, in a statement to the market.

3R signed a memorandum of understanding with BTG Pactual bank for the acquisition of all shares of the financial institution in Duna. If the transaction is approved, Duna will become a wholly owned subsidiary of 3R. The closing of the deal still depends on the approval of the Board of Directors and the General Meeting of shareholders of 3R.

In the first four months of 2021, the combined average oil production from the fields was 480 barrels per day. The certification of reserves for these assets is ongoing and will be disclosed to the market as soon as it is completed.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by WordPress.com.

Up ↑

%d bloggers like this: