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A Second Brazilian Oil Company Offers Merger With 3r

by rigzone.com posted 4weeks ago 30 views
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Enauta's offer follows that of PetroReconcavo. : The deals scene in Brazil’s oil patch is heating up after a second producer made an offer for a merger with 3R Petroleum Oleo e Gas SA, sending its shares soaring. Enauta Participacoes SA said Tuesday that a combination with 3R would create a company with a production potential of more than 100,000 barrels a day of oil and natural gas. 3R already is considering a potential combination with PetroReconcavo SA, another Brazilian oil producer that has oil fields on land.

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