Prio concludes acquisition
By Rafael BortolotiDecember 10, 2024 at 01:59 PM1 min read
PRIO concludes the acquisition of Sinochem Petroleum Netherlands for $1.915 billion. This includes a 40% stake in the Peregrino and Pitangola fields in the Campos Basin, with the remaining 60% held by Equinor.
The transaction boosts PRIO’s production capacity by approximately 35,000 barrels per day—a 50% increase from its current average of 75,000 boe/d.
This article was produced by Westhon Media for One Energy News.