PetroRio O&G’s $60 Million Credit Facility


Milbank, Stocche Forbes, Herbert Smith Freehills and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction

PetroRio O&G secured a $60 million credit facility – granted by oil export – from Industrial and Commercial Bank of China Limited Dubai (DIFC) Branch.

Petro Rio SA is an independent company in the oil and gas sector, focused on production assets in the Campos Basin. The company, led by Nelson De Queiroz Sequeiros Tanure, Blener Braga Cardoso Mayhew and Roberto Bernardes Monteiro, in 2017 recorded $137 million revenues.

Herbert Smith Freehills advised Petro Rio O&G Exploração e Produção de Petróleo Ltda., Petro Rio S.A. and PetroRio Lux Luxembourg SARL with Edward Dougherty, Pedro Rufino Carvalho and Micaela McLean.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Petro Rio O&G Exploração e Produção de Petróleo Ltda., Petro Rio S.A. and PetroRio Lux Luxembourg SARL with Giovani Loss, Pablo Sorj, Frederico Bullamah and Antonio Oliveira

Milbank, Tweed, Hadley & McCloy advised Industrial and Commercial Bank of China Limited Dubai (DIFC) Branch with Aled Davies, Shepard Liu, Tobias Stirnberg, Dan Bartfeld, Allan Mundi and Kei Kitatani.

Stocche Forbes advised Industrial and Commercial Bank of China Limited Dubai (DIFC) Branch with Guilherme Forbes, Bruno Gandolfo, Rafael Bresciani and Aline Brayner.

Involved fees earner: Edward Dougherty – Herbert Smith Freehills; Micaela McLean – Herbert Smith Freehills; Pedro Rufino Carvalho – Herbert Smith Freehills; Frederico Kerr Bullamah – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giovani Loss – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Antonio Soares de Oliveira Filho – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pablo Sorj – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Daniel Bartfeld – Milbank; Aled Davies – Milbank; Kei Kitatani – Milbank; Shepard Liu – Milbank; Tobias Stirnberg – Milbank; Alan Stone – Milbank; Aline Brayner de Oliveira – Stocche Forbes Advogados; Rafael Helou Bresciani – Stocche Forbes Advogados; Guilherme Forbes – Stocche Forbes Advogados; Bruno Gandolfo Damico – Stocche Forbes Advogados;

Law Firms: Herbert Smith Freehills; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Milbank; Stocche Forbes Advogados;

Clients: Industrial and Commercial Bank of China; Petro Rio SA;

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Author: Ambrogio Visconti.