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IS - PetroRio acquires majority stake in Tubarao Martelo - February 2020
PetroRio is acquiring the OSX-3 FPSO for $140 million from OSX3 Leasing BV and an operated 80% WI in the shallow-water Tubarao Martelo field in the Campos Basin, where the FPSO is now deployed, from fellow Brazilian independent Dommo Energia. PetroRio said the deal would allow for a 9-km tieback between Tubarao Martelo and nearby Polvo field, which it operates with 100% WI. PetroRio said the deals will simplify the production system and create......
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