3R Petroleum could be Petrobras' successor in the oil fields in which Petrolífera disinvested
With the aim of expanding its operations and who knows even becoming the next successor to Petrobras, 3R Petroleum says it has a huge interest in revitalizing the oil fields that were previously disinvested by the market leader Petrobras.
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CEO of 3R Petroleum says he is interested in taking over from Petrobras
At an oil and gas event, one of the journalists even questioned the CEO of 3R Petroleum about what his goals would be for Latin America and he quickly replied: Humbly, our greatest interest is to be Petrobras' successor in these oil and gas fields. oil in which divestments were applied, I see a great opportunity in this field.
Petrobras divestment process
In Petrobras' 2020-2024 business plan released last week, the company says it would look to sell $20 billion to $30 billion in assets during that period, including eight refineries across Brazil.
In a separate presentation on Wednesday released during Petrobras' New York Investor Day, the company said it may add its Bolivian assets to the divestment program, as well as its stake in petrochemical company Braskem SA, oil fields in waters deep legacies and its remaining stake in Distribuidora fuel, Petrobras Distribuidora SA, better known as BR Distribuidora.
About 3R Petroleum
3R Petroleum is an independent oil company focused on redevelopment of mature oil fields. “Re-develop, Revitalize and Rethink” are the verbs that guide the Company and gave rise to the name 3R Petroleum.
The company specializes in rethinking oil and gas field development strategies through the implementation of investments in technologies and projects in mature oil fields.
