3R Petroleum to raise $440 million in new follow-on stock offering

Brazilian independent also certifies reserves at recently acquired Papa Terra offshore field

Raising cash: 3R Petroleum executives at the company's IPO event in Brazil's B3 stock exchange — Raising cash: 3R Petroleum executives at the company's IPO event in Brazil's B3 stock exchangePhoto: B3

Fabio Palmigiani

Rio de Janeiro

Brazil 3R Petroleum DBO Energy Albacora Leste Papa Terra

Published 25 October 2021, 15:46Updated 27 October 2021, 12:45