Rio de Janeiro, September 09, 2021 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August.
Daily Production (boepd)
Oil Offtakes (bbl)
(1)
TBMT
Manati
Total
Month
Frade
Polvo
TBMT
Total
Month
Frade
Polvo
(80%)(2)
(10%)(3)
January
-
-
-
-
January
12,005
9,498
6,701
2,157
30,362
February
1,020,846
514,794
392,072
1,927,712
February
16,247
5,904
5,934
1,806
29,891
March
17,005
8,655
5,748
2,289
33,698
March
-
-
-
-
1Q21
15,086
8,019
6,128
2,084
31,317
1Q21
1,020,846
514,794
392,072
1,927,712
April
15,716
8,157
5,698
1,982
31,553
April
1,029,950
601,345
312,163
1,943,457
May
12,653
9,353
5,703
2,304
30,013
May
-
-
-
-
June
16,454
9,019
4,350
2,287
32,110
2Q21
14,941
8,843
5,250
2,191
31,225
June
500,001
393,610
-
893,610
(1)
Cluster Polvo + TBMT
Manati
2Q21
1,529,950
994,955
312,163
2,837,067
Month
Frade
(95%)
(10%)(3)
Total
July
-
754,168
319,742
1,073,910
July
16,616
11,622
1,989
30,228
August
986,039
-
986,039
August
16,588
15,054(4)
1,950
33,593
Obs:
Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced the closing of the acquisition of the remaining 30% interest.
Since February, the Tubarão Martelo Field's production was reduced due to a shutdown in the TBMT-8H well, as a result of a failure in the electric submersible pump (ESP), which was in operation since the beginning of the field's production. After the well's cleaning, the workover was temporarily halted for the completion of the TBMT-10H well, that is being carried out by the Kingmaker rig, which will subsequently return to conclude the TBMT-8H workover.
On November 5, 2020, the sale of the 10% interest in the Manati Field held by PetroRio was announced, which awaits precedent conditions for the transaction's closing.
In August, the Polvo Field's production was impacted by the POL-012-R well workover, which was concluded in the first half of the month.
About PetroRio
PetroRio is the largest independent oil and gas Company in Brazil. The Company seeks to increase production through the acquisition
Investor Relations
of new producing assets, redevelopment, increased operational efficiency and rationalization of operating costs and corporate
ri.petroriosa.com.br
expenses. PetroRio's main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity,
ri@petroriosa.com.br
with full respect for safety and the environment. For further information, please visit the Company's website: www.petroriosa.com.br.
+55 21 3721-2129
Attachments
Original document
Permalink
Disclaimer
Petro Rio SA published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 21:21:07 UTC.
Prio SA, formerly Petro Rio SA is a Brazil-based holding company. It operates through its subsidiaries and specializes in efficient reservoir management and redevelopment of mature fields. The Company's main strategy is the acquisition of oil and gas fields, usually from large oil companies, and the creation of value through cost rationalization as well as efficiency and meticulous management of reservoirs. Prio SAâs assets include The Tubarao Martelo Field that produces approximately 10,000 barrels of oil per day through six wells interconnected to FPSO Bravo as well as Wahoo, an exploratory block in the Campos Basin with the potential to produce more than 125 million barrels in the pre-salt. The Company has several subsidiaries, such as Petro Rio O&G Exploracao e Producao de Petroleo Ltda and PRIO Bravo Ltda.