Tag: Prio

PRIO issued a tender to hire an AHTS with at least 180ton bollard pull and DP2. Commencement is set for March 2024 for a 180 days firm plus 90 days option contract. In case of interest, bidders have until December 20th to submit an offer. Back in July the company hired AHTS 15000 GH Navigator and AHTS 18000 AH Valletta both for one year firm.

PRIO plans to start drilling four wells in Wahoo field, Campos Basin, in January, the same month in which the IBAMA (Brazilian Institute for the Environment and Renewable Natural Resources) license should be issued. They will be drilled by the Hunter Queen rig, with first oil expected in 2H2024. The company
will create a tieback between the Wahoo and Frade fields which will share the FPSO Frade. McDermott’s CSV Amazon that is lined up to do the tieback, is due to arrive in Brazil between April and May

PRIO started production at well ODP5 (“F23P3”) in the Frade field, Campos Basin. At first, the Brazilian independent produces 8,000 boed at the site, bypassing the 100,000 boed total mark. In June, PRIO produced 96,000 boed, 57% of which came from the Frade field.

Frade is, therefore, the company’s main operational asset. The delivery of the ODP5 well is part of the third phase of the field’s revitalization. The start of production however, was scheduled for a year from now. The Frade field is located approximately 118 km off the north coast of the state of Rio de Janeiro, in water depths between 1,050 and 1,300 meters.

PRIO announced its preliminary and non-audited oil operational data for the month of
May. Frade field had a production of 49.164 boepd which was impacted by a maintenance
shutdown of three days at the beginning of the month. The cluster of Polvo and Tubarão
Martelo fields reached a production of 17.716 boepd. In Albacora Leste field, where the
company holds a 90% interest, production was 20.233 boepd and was impacted by a blackout
in the FPSO that interrupted production for three days.