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First Quarter 2024Maha Energy pays EUR 4.6 million and signs agreements to potentially invest and acquire 24% of indirect equity interest in PetroUrdaneta, a Venezuelan oil company;Maha Energy...
The oil firm to be created from the merger of Brazil's 3R Petroleum and Enauta wants to explore the Foz do Amazonas' basin if state-run firm Petrobras finds oil there, its future CEO Decio Oddone...
Maha Energy has signed definitive agreements with 3R Petroleum to roll up its 15% holdings in 3R Petroleum Offshore through merge of its wholly owned subsidiary Maha Energy (Holding) Brasil Ltda. into 3R Petroleum. In exchange, Maha will receive new ordinary shares issued by 3R Petroleum, equivalent to 2.17% of the total voting and share capital of the entity resulting from the combination of 3R Petroleum and Enauta.
It is anticipated that the merged company will have a production capacity of more than 100,000 barrels per day (bpd) of oil and natural gas.
3R Petroleum Oleo e Gas SA agreed to acquire Enauta Participacoes SA in an all-stock deal.