Investment In Oil Market: 3R Petroleum Hires BTG Pactual To Raise US$ 500 Million To Acquire Polo Potiguar In Rio Grande do Norte

Escrito por Ruth Rodrigues

Publicado em 22/10/2022 às 10:16

Foto: 3R Petroleum

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The Raising of US$ 500 Million for the Purchase of the Potiguar Pole Aims for Expansion in the National Oil Market. The Oil Company 3R Petroleum Will Rely on the Services of BTG Pactual to Acquire the Asset in the Coming Years.

Investments in new acquisitions for oil and natural gas exploration and production in Brazil continue to happen at all times. The company 3R Petroleum announced last Thursday (10/20) that it has signed a contract with the company BTG Pactual for the issuance of debentures and raising US$ 500 million. The amount will be invested in the acquisition of the Potiguar Pole, an important national fuel exploration asset that will boost the operations of the oil company.

3R Petroleum and BTG Pactual Join Forces for Million-Dollar Raise in Pursuit of the Potiguar Pole Acquisition by the Oil Company

The oil and natural gas company 3R Petroleum is increasingly invested in acquiring new assets in the national market and expanding its presence in the country.

Now, it has announced a partnership with BTG Pactual for the issuance of debentures, aiming for a million-dollar raise for the acquisition of the Potiguar Pole.

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This amount will be added to another US$ 500 million raised by the oil company in August through financing led by Stanley Senior Funding.

With US$ 1 billion in its account, the company 3R Petroleum will be able to acquire the oil production pole from Petrobras located in the state of Rio Grande do Norte.

The acquisition of the Potiguar Pole will mark a significant investment in pursuit of the company’s growth in the national market.

According to 3R Petroleum, the debentures to be raised with BTG Pactual for the acquisition of the pole will have a maturity of 60 months from today, including pre-payment flexibility starting from the 24th month.

Acquisition of the Potiguar Pole Will Be Essential for the Company’s Future Growth Plan in the National Oil Market

The Chief Financial Officer of 3R Petroleum, Rodrigo Pizarro, commented in a statement some details about the agreement, reinforcing the viability of the commitment with BTG Pactual.

He said: “In terms of remuneration, the debentures will be monetarily adjusted by the variation factor of the closing exchange rate of the US dollar selling rate, and, from the disbursement, interest corresponding to the SOFR reference rate plus 7.5% per year. The other conditions of the debentures are described in the Commitment Agreement.”

Only in the last year, the Potiguar Pole recorded an average production total of 18,000 barrels of oil per day, as well as having 229.3 million barrels of oil equivalent in proven probable reserves (2P), of which 169.7 million barrels (or 74%) are proven reserves (1P).

Thus, this becomes an asset of extreme importance for the Brazilian fuel market, especially for the Northeast region, thereby ensuring a new perspective for growth for 3R Petroleum with its acquisition.

Learn More About 3R Petroleum

The company 3R Petroleum currently has a strong presence in the national oil and gas sector, with its bases of operational efficiency, financial discipline, and social responsibility, and currently works both in production and in the revitalization of Brazilian fields.

The company also seeks to implement new development strategies in mature oil assets, aiming to increase production and reserves, with high profitability. In addition, its focus on the national market includes enhancing activities through robust investment plans and operational optimization, with safety.

Thus, 3R Petroleum continues investing in the acquisition of new assets, quality equipment, and operational improvements.

Investment In Oil Market: 3R Petroleum Hires BTG Pactual To Raise US$ 500 Million To Acquire Polo Potiguar In Rio Grande do Norte

The Raising of US$ 500 Million for the Purchase of the Potiguar Pole Aims for Expansion in the National Oil Market. The Oil Company 3R Petroleum Will Rely on the Services of BTG Pactual to Acquire the Asset in the Coming Years.

3R Petroleum and BTG Pactual Join Forces for Million-Dollar Raise in Pursuit of the Potiguar Pole Acquisition by the Oil Company

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Acquisition of the Potiguar Pole Will Be Essential for the Company’s Future Growth Plan in the National Oil Market

Learn More About 3R Petroleum

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Investment In Oil Market: 3R Petroleum Hires BTG Pactual To Raise US$ 500 Million To Acquire Polo Potiguar In Rio Grande do Norte

The Raising of US$ 500 Million for the Purchase of the Potiguar Pole Aims for Expansion in the National Oil Market. The Oil Company 3R Petroleum Will Rely on the Services of BTG Pactual to Acquire the Asset in the Coming Years.

3R Petroleum and BTG Pactual Join Forces for Million-Dollar Raise in Pursuit of the Potiguar Pole Acquisition by the Oil Company

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Acquisition of the Potiguar Pole Will Be Essential for the Company’s Future Growth Plan in the National Oil Market

Learn More About 3R Petroleum

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