PetroRio to purchase Dommo Energia in $180M deal

Sept. 2, 2022
PetroRio has signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA.

Offshore staff

RIO DE JANEIRO, Brazil — Brazilian oil company PetroRio said on Sept. 1 it signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA, in a deal valued at 942.9 million reais (US$179.9 million).

Dommo Energia's portfolio of E&P assets in the oil and gas sector is currently composed of blocks located in sea sedimentary basins in Brazil in the Campos Basin.

In late August, PetroRio said it completed its first issue of local debentures, worth R$2 billion (US$59.2 million). Among these resources, R$1.5 billion (US$296.1 million) will be directed to PetroRio's infrastructure projects, such as the Frade Field development plan, and the rest will be allocated to other corporate investments.

09.02.2022

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