Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January.
(1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.
(2) The TBMT-4H well, in the Polvo and Tubarão Martelo cluster, had its production interrupted due to a failure in the Electric Submersible Pump (ESP), in which a workover is being carried out. The TBMT-8H well, in the same cluster, also had its production interrupted due to an electric failure in the subsea system. Both are expected to resume production in 1Q23.
(3) The figures refer to PRIO’s 90% interest in Albacora Leste, assuming production throughout the month. As the acquisition’s closing happened on January 26, 2023, the field contributed proportionally with 5,919 barrels per day during the month of January.
Comments: By the end of the month, PRIO had 2 million barrels stored in the US Virgin Islands.