Tauil & Chequer Advogados and Mayer Brown advise PRIO on the acquisition of Equinor’s 60% interest in the Peregrino and Pitangola fields

Tauil & Chequer Advogados and Mayer Brown advised PRIO on the acquisition of Equinor’s 60 percent participating interest in the Peregrino and Pitangola fields, located in the Campos Basin, offshore Brazil. The transaction has a total consideration of approximately USD 3.5 billion and is subject to typical industry conditions precedent and approvals from governmental authorities, such as ANP and CADE.

The team was led by Global Energy practice partners Bruno Belchior, from Tauil & Chequer Advogados in association with Mayer Brown in Rio de Janeiro, and Bob Palmer, from Mayer Brown in London. The team included partners Guido Vinci (Tax) and Luciana Sodré (Corporate and Mergers & Acquisitions), as well as counsel Lívia Seabra de Lima (Energy) and associates Niandra Soares (Tax) and Juan Gerolis (Energy), from the Rio de Janeiro office, as well as associates Josephine Wong (M&A), Joey Lee (M&A), trainee Rona Ankrah (Corporate), and Candace Brown (Senior Legal Project Manager), from Mayer Brown's London office in the United Kingdom.