Reporting by Carolina Pulice, Reuters
RIO
EnergiesNet.com 08 03 2022
Brazil oil company 3R Petroleum said on Tuesday its subsidiary 3R Lux agreed to a $500 million loan to pay for the acquisition of the country’s Potiguar oil field.
In a securities filing, the company said the loan will be granted by a group of lenders led by Morgan Stanley senior funding, including Banco do Brasil SA, Citibank, Deutsche Bank AG, HSBC Mexico SA, Itau BBA International and Santander Brasil SA.
It added the loan would mature within 54 to 60 months from Aug. 2.
With the loan, the company expects to consummate its acquisition of the Potiguar Cluster of oil and gas producing fields as well as private-use terminal, refinery and storage assets in the Potiguar Basin in the northeastern state of Rio Grande do Norte.
The cluster is currently owned and operated by Brazil’s state-run oil company Petrobras.
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In January, Petrobras’s board approved the sale of 22 concessions of a group of assets in the Potiguar Basin to 3R Petroleum for $1.38 billion.
Reporting by Carolina Pulice; Editing by Brendan O’Boyle and Stephen Coates
reuters.com 08 02 2022
