Petrorio closes agreement and buys the Friar Japan Petroleum

Last Monday, October 29th, Petrorio closed agreement and bought the Frade Japan Petroleum, which has 18.26% participation in the concession of the Campo de Frade. According to the company, the acquisition was due to the competitive process and a production increase of 25% and the oil reserve in 150%.

The value of the negotiation was not disclosed, but the company ensures that the purchase is a growth strategy. In addition to presenting a diversification in its portfolio of assets and profit-generating sources.

The Campo de Frade in 2010 came to produce more 75000 barrels of oil per day, because of a leak occurred in 2011, the production suffered a fall, which directly affected the activities of the operator in Brazil. Currently the field is producing about 17000 barrels of oil.

The profits collected will be of great value if invested in education, health, basic sanitation, among others. Follow the Panorama Offshore portal and stay connected to everything that involves the oil, gas, energy, biofuels, petrol, onshore and offshore markets. Remember: your business. Go to: and


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