Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.
The well has added stabilized initial production of approximately 8,000 barrels of oil per day.
During the execution of the original Frade Revitalization Campaign, geological information was collected that is serving as a base to enable the realization of a third phase of the redevelopment campaign, whose next steps are still under analysis, PRIO, also known as Petro Rio, said.