PetroRio is now operator of Frade field, a heavy oil and gas field in Brazil’s Northern Campos basin, following the close of its acquisition of Chevron Brasil Upstream Frade. With the deal, PetroRio adds Chevron’s 51.74% stake in the concession to its pending agreement to acquire 18.26% from Frade Japao Petroleo, a joint-venture formed by Inpex and Sojitz.

Source: News