Deal Insight
PetroRio buys FPSO and farms in to Tubarao Martelo
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Report summary
Brazilian independent PetroRio announced a US$140 million purchase agreement with another local player, Dommo Energia, to acquire an 80% operating stake in Tubarão Martelo, a shallow water field in the Campos Basin. The asset produces from the 100,000 bbl/d OSX-3 FPSO.PetroRio plans to redevelop its adjacent, wholly-owned Polvo development as a tieback to the acquired FPSO. The vessel currently operates at just 6% of its capacity. Co-development with PetroRio's Polvo field could boost reserves and unlock value through operational synergies and field life extension.
Table of contents
- Executive summary
- Transaction details
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Combined project production output
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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