PRIO advances Wahoo field development

PRIO announced the start-up of the third producing well at the Wahoo Field, in the Campos Basin, with production stabilized at approximately 10,000 barrels of oil per day.

With three wells online, field output has been adjusted to around 32,000 barrels per day as part of the ramp-up process. The company expects to bring a fourth well online by the end of April, which should increase production to approximately 40,000 barrels per day.

As the first field fully developed by PRIO, Wahoo is connected to the Frade Field through a subsea tieback of approximately 30 km, with processing carried out by the FPSO Valente, which has a capacity of up to 100,000 barrels per day.

In March, PRIO reported total production of approximately 161,000 barrels of oil equivalent per day, representing an increase of around 8% compared to February.