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Giant potential: Merger between Petroreconcavo and 3R Petroleum could change the national oil market, with the production of the “creation” capable of generating 80 thousand barrels of oil in 2024
According to the Terra website, the negotiations and contract between the independent oil companies Petroreconcavo and 3R Petroleum gain prominence in the market, aiming to form the third largest oil operator in the country. With production projected to exceed 80 barrels of oil equivalent per day (boed) in 2024, the possible merger attracts the attention of investors and sector experts.
Challenges and opportunities: Edges to be smoothed in the negotiation between Petroreconcavo and 3R Petroleum
Although well regarded by the oil market, the union and contract between the two oil companies faces challenges, mainly related to the companies' pricing and divergences in business vision. The merger proposal in the contract presents opportunities to reduce costs, strengthen the balance sheet and expand the portfolio, but there are still adjustments to be made to make the agreement viable.
Paths to the future: Expectations and obstacles in the creation of the new oil company for oil extraction
Those involved in the new oil company contract process for oil extraction are attentive to the details and opportunities that the merger can provide. With financial and strategic advice, the oil companies seek to find a middle ground that reconciles the interests of both parties and allows the creation of a new strong and competitive company in the national oil scene.
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