M&A Deal Summary

Prio Acquires Chevron Brasil Upstream Frade

On January 30, 2019, Prio acquired oil/gas exploration company Chevron Brasil Upstream Frade

Acquisition Highlights
  • This is Prio’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Prio’s 2nd transaction in Brazil.

M&A Deal Summary

Date 2019-01-30
Target Chevron Brasil Upstream Frade
Sector Oil/Gas Exploration
Buyer(s) Prio
Deal Type Add-on Acquisition

Target

Chevron Brasil Upstream Frade

Brazil
Chevron Brasil Upstream Frade Ltda. is a producer of oil and gas exploration services. Chevron Brasil Upstream Frade is based in Brazil.

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Buyer(S) 1

Buyer

Prio

Rio de Janeiro, Brazil

Category Company
Founded 2009
Sector Oil/Gas Exploration
Revenue 14.4B BRL (2024)
DESCRIPTION

Prio is an entity which is focused on exploring and developing oil and natural gas properties in Brazil and internationally. Prio was founded in 2009 and is based in Rio de Janeiro, Brazil.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Brazil M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Frade Japão Petróleo

Rio de Janeiro, Brazil

Frade Japão Petróleo Ltda. is focused on exploring, producing, and processing of hydrocarbons in Brazil and internationally.

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