Report summaryPolvo is a small and challenging oil development located in the shallow waters of the southwestern Campos basin. Devon Energy discovered the field in 2004, and production started three years later. In May 2011, BP acquired Devon Energy's Brazil portfolio, including its 60% stake in Polvo. Due to the field's disappointing performance BP agreed to sell its stake in Polvo to HRT (later re-named PetroRio) in May 2013. In July 2014, HRT announced the acquisition of the remaining 40% ...
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