Campos Mello Advogados advised 3R Petroleum S.A. in negotiations with Petrobras to sign the purchase contract for the two onshore fields of Fazenda Belém and Icapuí, located in the Potiguar Basin, in Ceará. The acquisition was signed at US $ 35.2 million, which corresponds to the price of the assets, and is subject to the fulfillment of precedent conditions, such as approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The purchase of rights to explore, develop and produce oil in both fields was carried out by the banking and Corporate and Oil and Gas teams of the bank and conducted by the Partner and Co-head of the corporate, Marcus Bitencourt. This operation reinforces Campos Mello's strategy and expertise in advising its clients on the acquisition of assets in the oil and gas area.

"The sector, driven by Petrobras' divestment strategy, has stimulated important M&A operations and the capital market. The business involving 3R Petroleum reinforces our specialization in the oil and gas sector and in M&A operations", explains Marcus Bitencourt.

About Campos Mello Advogados - With a global presence, Campos Mello Advogados is a full service firm that offers safe, innovative and effective solutions for the continuous growth of its clients' businesses.

In the Brazilian market for 38 years, CMA has an international partnership with DLA Piper, a global law firm based in more than 40 countries in the Americas, Europe, the Middle East, Africa and Asia. The CMA has built its solid reputation, valuing ethics, transparency, legal excellence, valuing its professionals and exceeding the expectations of its clients in the most diverse segments of the industry and economy in the country.