Petro Rio S A : NOTICE TO THE MARKET - MARCH 2021 OPERATIONAL DATA
April 07, 2021 at 05:50 pm EDT
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March 2021 Operational Data
Rio de Janeiro, April 7, 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 March.
Daily Production (boepd)
Month
Polvo
Frade(1)
TBMT (80%)
Manati (10%)(2)
Total
January
9,498
12,005
6,701
2,157
30,362
February
5,904
16,247
5,934
1,806
29,891
March
8,655
17,005
5,748(3)
2,289
33,698
1Q21
8,019
15,086
6,128
2,084
31,317
Oil Offtakes (bbl)
Month
Polvo
Frade
TBMT
Total
January
-
-
-
-
February
514,794
1,020,846
392,072
1,927,712
March
-
-
-
-
1Q21
514,794
1,020,846
392,072
1,927,712
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.
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.
Tubarão Martelo Field production in March was impacted by a shutdown in the TBMT-8H well due to a failure in the electrical submersible pump (ESP), which decreased production by 1,4 kbbld. The pump, which was operating since the beginning of the field's production, awaits the Atlantic Zephyr rig (renamed to Kingmaker) deployment to carry out a workover, expected to be concluded in May/June.
About PetroRio
PetroRio is the largest independent oil and gas Company in Brazil. The Company seeks to increase production through the acquisition
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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,
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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
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Petro Rio SA published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 21:49:03 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.
PRIO S.A. 
