PRIO March 2023 Operational Data

Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of March.

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(1) 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.

(2) The Polvo and Tubarão Martelo cluster went through a scheduled maintenance shutdown, which lasted 8 days. The TBMT-4H well had its workover concluded at the end of March, increasing the cluster’s production by 2.5 kbpd. The TBMT-8H well is still undergoing its workover.

(3) Albacora Leste had lower than expected production during the first 20 days of the month, due to shutdowns for corrective maintenance in the FPSO’s cooling and power generation systems, with average production of 11.7 kbpd in this period. After the repairs, the field produced 26 kbpd (net to PRIO) on average in the last 10 days of the month.


All barrels stored in US Virgin Islands were sold in March.


The Company contracted 4.472 million barrels in puts corresponding to approximately 80% of the volume sold in March (5.7 million barrels), as shown in the table below:hedge eng.png

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