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Approved Enauta and 3R Petroleum merger creates operation that could surpass 100,000 boe/d production
Addressing the approved merger of 3R Petroleum and Enauta, Amanda Bandeira, Upstream Research Analyst, said “The combination of businesses between Enauta and 3R Petroleum creates a new operation that could surpass the 100,000 boe/d production mark, competing head-to-head against Prio, currently the larger Brazilian independent operator in the country. “This is a complementary merger between the two companies. Enauta adds expertise in offshore operations, while 3R Petroleum, with a more diversified portfolio, brings to the table heavy onshore operations experience,” added Bandeira. As anticipated by Wood ... (full story)