Ref. DEA 7 Jul '20, PetroRio announces the ANP has only now (3 August) made effective the 80% acquisition from Dommo Energia in the TubarÃ£o Martelo (Hammer Shark) field in BM-C-039, Campos Basin, where PetroRio now has operatorship. The field is host to the OSX-3 FPSO, also acquired for USD 140 MM. The deal provides for a tieback between the TubarÃ£o Martelo (Hammer Shark) + Polvo (Octopus) fields using OSX-3 expected mid-'21, thus saving on the FPSO stationed on Polvo, inter alia.   Once the tieback is completed, PetroRio will be accountible for 100% of the cluster costs, Dommo being relieved of monthly fees. PetroRio will be entitled to 95% of oil produced, up to the first 30 MMbbl post-tieback, and 96% thereafter. Petro Rio (op), partner Dommo.
(Campos B.) BM-C-039 op. by PETRORIO (80%), DOMMO EN (20%). PetroRio announces the ANP has made effective the 80% acquisition from Dommo Energia in the TubarÃ£o Martelo (Hammer Shark) field, where PetroRio now has operatorship. 