Consolidation among Brazil’s independents looks set to kick off, with 3R Petroleum the “target”. Maha Energy made the first move, proposing a merger of 3R’s onshore asset with those of PetroReconcavo and the spin out 3R’s offshore assets.
Consolidation among Brazil’s independents looks set to kick off, with 3R Petroleum the “target”. Maha Energy made the first move, proposing a merger of 3R’s onshore asset with those of PetroReconcavo and the spin out 3R’s offshore assets.