3R Petroleum Acquires 14 Onshore Oil Fields from Petrobras in Bahia

Written by Flavia Marinho

Published on 18/12/2020 at 06:19

Seja o primeiro a reagir!

The Oil Company Ouro Preto Energia, a Subsidiary of 3R Petroleum, Acquired in Bahia for US$ 250 Million Plus 14 Onshore Oil Fields from Petrobras

Petrobras informed in a relevant fact last night (12/17) that it signed a contract with 3R Petroleum Oil and Gas S.A. for the sale of its entire stake in fourteen onshore oil exploration and production fields, known as the Recôncavo Cluster, located in the state of Bahia. To Encourage Onshore Field Exploration, the Government Will Offer Large Regional Blocks

Read Also

The Recôncavo Cluster has fields located in the municipalities of Candeias, Salvador, Santo Amaro, São Francisco do Conde, São Sebastião do Passé, and Simões Filho.

According to the state-owned company’s announcement, US$ 10 million will be paid at the contract signing date, while the remaining amount will be paid at the closing of the transaction.

ARTICLE CONTINUES BELOW

See also

Petrobras also informs that the values do not consider necessary adjustments and that the transaction closing is subject to fulfilling precedent conditions, such as approval by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

For the Director of Institutional Relationships and Sustainability, Roberto Ardenghy, divestments are advantageous for the region where the asset is located. “Petrobras’ strategy is to divest to reduce our debt and focus on world-class assets. The concessions we are selling will produce even more under the management of the new companies. The new buyers will make the necessary investments to develop these areas, increasing production and consequently generating more tax revenue and more jobs for the local population,” said Ardenghy.

According to Ricardo Savini, CEO of 3R, the acquisition paves the way for the company to establish a significant operation in the Recôncavo Basin alongside the Rio Ventura Cluster. “The asset has great potential for increased recovery factor and reserve enhancement of oil and gas. We are increasing our presence in the state of Bahia,” said Ricardo.

About the Recôncavo Cluster – Petrobras – Bahia

The Cluster comprises the onshore fields of Aratu, Ilha de Bimbarra, Mapele, Massui, Candeias, Cexis, Socorro, Dom João, Dom João Mar, Pariri, Socorro Extensão, São Domingos, Cambacica, and Guanambi, located in the state of Bahia. Petrobras is the operator with 100% participation in these concessions, except for Cambacica and Guanambi, where it holds a majority stake of 75% and 80%, respectively. The average production of the Recôncavo Cluster from January to November 2020 was approximately 2,145 barrels of oil per day (bpd) and 465 thousand m³/day of natural gas.

This operation aligns with the company’s strategy of portfolio optimization and improving capital allocation, increasingly concentrating its resources in world-class deep and ultra-deep water assets, where Petrobras has demonstrated a significant competitive edge over the years.

Dispute in Urucu

The 3R Petroleum made the highest bid to purchase the Urucu Cluster in the Solimões Basin, with a proposal of around US$ 1 billion.

Eneva made the second-highest bid, of about US$ 600 million.

The bidding was ultimately canceled and restarted by Petrobras, which is again receiving proposals for the project in January.

3R Petroleum Acquires 14 Onshore Oil Fields from Petrobras in Bahia

The Oil Company Ouro Preto Energia, a Subsidiary of 3R Petroleum, Acquired in Bahia for US$ 250 Million Plus 14 Onshore Oil Fields from Petrobras

Read Also

About the Recôncavo Cluster – Petrobras – Bahia

Dispute in Urucu

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Brazil and Sweden finalize a military agreement to jointly train pilots, share experiences with the Gripen fighter, and allow Swedish crews of the KC-390 to train on Brazilian soil over the next two years.

Scientists warn that Earth’s oxygen has an expiration date and that the Sun itself will be responsible for ending the air we breathe by making photosynthesis impossible in about one billion years.

3R Petroleum Acquires 14 Onshore Oil Fields from Petrobras in Bahia

The Oil Company Ouro Preto Energia, a Subsidiary of 3R Petroleum, Acquired in Bahia for US$ 250 Million Plus 14 Onshore Oil Fields from Petrobras

Read Also

About the Recôncavo Cluster – Petrobras – Bahia

Dispute in Urucu

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

More than R$ 526 million generated in oil in 2025 was not enough to place Espírito Santo in the lead of innovation — and the data shows exactly where the bottleneck is.

With salaries of up to R$ 30,000 and 2,500 open positions, a shipyard in Aracruz (ES) is at the center of a billion-dollar project by Petrobras that involves platforms capable of producing 225,000 barrels per day.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Government orchestrates strategy to revive the state-owned BR Distribuidora and contain the brutal surge in oil prices that has reached the mark of $100.

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Brazil and Sweden finalize a military agreement to jointly train pilots, share experiences with the Gripen fighter, and allow Swedish crews of the KC-390 to train on Brazilian soil over the next two years.

Scientists warn that Earth’s oxygen has an expiration date and that the Sun itself will be responsible for ending the air we breathe by making photosynthesis impossible in about one billion years.