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Led by partners Xavier Guzman and Jacques Wantz, a team of DLA Piper Luxembourg has advised 3R in obtaining a USD 500 million loan for the acquisition of oilfield assets from Petrobras, Brazil's state-run oil company.
3R Petroleum is a company in the oil and gas sector with a focus on redevelopment of mature production fields located on land (onshore) and in shallow water. Its Luxembourg subsidiary will use the funds to acquire the Potiguar cluster: oil and gas producing fields as well as private-use terminal, refinery and storage assets in the Potiguar Basin in the northeastern state of Rio Grande do Norte. The acquisition of the cluster will be concluded by 3R Potiguar S.A., a Brazilian subsidiary.
Xavier and Jacques were supported in Luxembourg by...
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