JULY 2019 Operational Data
Rio de Janeiro, August 9, 2019 – 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 July.
1 – Accounts for the daily average of the 6-day period in which PetroRio operated the field.
2 – The decrease in Manati Field’s production is due to the weaker demand from Petrobras. The take-or-pay ensures a minimum annual compensation for PetroRio of approximately 2,400 boepd.
PetroRio is one of the largest independent companies in the oil and gas production in Brazil. The Company´s corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency and reduction of production costs and corporate expenses. PetroRio’s main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and the environment. For further information, please visit the Company’s website: www.petroriosa.com.br