PetroRecocavo intends to buy fields from Petrobras

The Company of Bahia, PetroReconcanvo, is negotiating the purchase of a set of 34 oil fields from Petrobras in the Northeast region, located in Rio Grande in the North, in a set known as Fork Creek.

The purchase was to be held by 3R Petroleum for the value of $453 million, however, the company did not get funding. According to information from the Reuters agency, PetroReconcavo should offer a lower value, not yet disclosed.

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