3R Petroleum

3R Petroleum Óleo e Gás S.A. operates as a Brazilian oil and gas company with a strategic focus on the redevelopment and revitalization of mature and producing onshore and offshore fields. Founded in 2014, the company has established itself as a significant player in the Latin American energy sector by acquiring assets from Petrobras and optimizing their production. The company is led by a management team with extensive experience in the oil and gas industry. Chairman of the Board, Roberto Castello Branco, previously served as CEO of Petrobras, while CEO Matheus Dias also brings experience from the state-owned giant. COO Rodrigo Pizarro has a background that includes roles at Petrobras, Shell, and other major energy firms. This collective expertise in asset management and operational efficiency is central to 3R's strategy.

The company's business model centers on acquiring mature fields, which are fields that have already reached their production peak, and applying specialized technologies and efficient management to increase their recovery factor and extend their operational life. This approach allows 3R to extract value from assets that are no longer a primary focus for larger corporations. Its portfolio includes a diversified set of onshore and offshore assets across Brazil, such as the Papa-Terra and Peroá clusters, as well as the Macau, Areia Branca, and Recôncavo Poles. By doing so, 3R Petroleum serves the global energy market, generating revenue through the sale of crude oil and natural gas produced from its operations. A significant milestone for the company was its initial public offering (IPO) on the B3 stock exchange in November 2020, which raised substantial capital to fund its expansion and acquisition strategy. In 2024, 3R Petroleum announced a major corporate restructuring involving the incorporation of its subsidiary, Enauta Participações S.A.

Keywords: oil & gas, mature fields, asset redevelopment, energy sector, onshore production, offshore production, production optimization, Petrobras divestments, natural gas, corporate restructuring