PRIO'S oil production

PRIO released its production report for the month of May 2024. During this month, the production was recorded as 88.7 thousand barrels of oil equivalent per day (boepd).

Impacted by operational issues, the performance had a reduction of 4.4% compared to the previous month which produced 92.8 thousand barrels per day.

The drop was a consequence of the shutdown of the ODP3 well in Campo de Frade and the failure of the submerged centrifugal pump (BCS) at the TBMT-8H pole, in the Polvo and Tubarão Martelo cluster. Both are waiting for IBAMA’s approval to begin the workover and return to operational level.

Production at Albacora Leste fell 1.6% in the same period, totaling 27.5 thousand boepd.