3R Petroleum Participation on 3rd Cycle of the ANP Permanent Offer

 3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, informs its shareholders, investors and the market in general that it participated in the 3rd Cycle of the Permanent Offer of the National Petroleum, Natural Gas and Biofuels Agency (“ANP”), on this date, and acquired the concession right of six onshore exploratory blocks (“Blocks”)¹ in the Potiguar Basin, in regions very close to the Macau and Areia Branca Clusters (operated by the Company) and the Potiguar Cluster (in the operational transition process with Petróleo Brasileiro S.A. – Petrobras). The offers for the Blocks summed a total signing bonus of R$ 1.0 million.

The acquisitions are in line with the Company’s strategy of evaluating opportunities to replace reserves in oil and gas assets, which present possible synergies with its portfolio. The evaluation of the Blocks was carried out based on geological and geophysical correlations with the fields in production held by the Company in the Potiguar Basin.

It is worth noting that the Minimum Exploratory Program (PEM) for the Blocks, offered by 3R to the ANP, totals 1,516 Work Units (UT), which can be completed within 5 (five) years after the acquisition. After the PEM fulfillment, the eventual development cost may be substantially reduced, benefiting from the Company’s existing infrastructure in the Potiguar Basin (pipelines, storage capacity, oil treatment facilities and natural gas processing units).

Finally, 3R reinforces its commitment to keep its investors and the market in general duly informed, in line with the best corporate governance practices and in strict compliance with current legislation.

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: