– Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the 7-FR-55H-RJS (“MUP3A”) well in the Frade Field (“Field” or “Frade”), with average initial production of approximately 3,500 barrels of oil per day, increasing the Company’s production to 52,000 barrels per day.
The MUP3A well, the second well in Frade’s Revitalization Plan, was concluded in 40 days, and with a cost of US$ 22 million.
The subsea structure and part of the MUP3 well hole, which is no longer in production, were used for the MUP3A well.
The NORBE VI rig has started the drilling of the Plan’s first injection well.
PRIO will keep the market informed of new developments of Frade’s Revitalization Plan.