Deals Counterparts
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PRIO

company 1 Deal

PRIO is Brazil's largest independent oil and gas company, specializing in the acquisition, development, and optimization of mature offshore oil and gas fields. Their strategy focuses on enhancing operational efficiency, reducing costs, and maximizing production from existing assets, primarily within the Campos Basin.

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Founded 2015 1,000 employees
Oil & Gas CompanyOperatorDeveloperInvestor

Strategic Overview

  • Focus on M&A opportunities for mature, producing offshore oil and gas assets in Brazil.
  • Strong emphasis on operational efficiency, cost reduction, and maximizing recovery factors from existing fields.
  • Committed to sustainable practices and reducing carbon footprint in their oil and gas operations.

Deal Activity from Public Sources

PRIO concludes acquisition of the Albacora Leste field from Petrobras
Acquisition Oil & Gas Brazil January 2023 with Petrobras
PRIO concludes acquisition of the Wahoo field from Petrobras
Acquisition Oil & Gas Brazil August 2022 with Petrobras
PRIO concludes acquisition of the Frade field from Chevron
Acquisition Oil & Gas Brazil April 2020 with Chevron

Investment Focus

Technologies
Oil Gas1
Geography
Brazil1

Key People

Roberto Monteiro
CEO
Milton Rangel
CFO

Track Record

3
Deals Completed
9
Years Active
$M2,600M
Total Value
Notable projects: Albacora Leste Field, Wahoo Field, Frade Field, Polvo Field

Detailed Analysis

Technologies
Oil & Gas
Sectors
UtilitiesPorts
Geographies
Brazil (3 deals)
Deal Stage
BrownfieldOperating
Deal Structure
Acquisition
Track PRIO