Rio de Janeiro, January 8, 2018 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data.
POLVO
Month
Average Production (bpd)¹
Offtakes (bbl)²
jan
8,684
0
feb
7,506
0
mar
8,382
503,312
1Q17
8,213
503,312
apr
8,337
300,360
may
8,303
373,810
jun
7,470
223,628
2Q17
8,040
897,799
jul
7,537
0
aug
7,705
596,880
sep
7,723
0
3Q17
7,654
596,880
oct
7,465
418,869
nov
7,742
0
dec
6,865
425,479
4Q17
7,353
844,348
2017
7,812
2,842,339
MANATI³
Month
Average Volume (m³/day)
jan
427,861
feb
416,762
mar⁴
409,373
1Q17
418,040
apr
458,015
may
457,978
jun
419,072
2Q17
445,164
jul
491,698
aug
490,230
sep
463,536
3Q17
482,020
oct
481,020
nov
512,521
dec
540,755
4Q17
511,420
2017
464,466
1 Average barrels per day (bpd)
3 Refers to PetroRio's 10%W.I.
2 Total barrels sold
4 Manati results were consolidated as of
March 20, 2017, with the acquisition of
Brasoil
About PetroRio
PetroRio is one of the largest independent companies in the oil and gas production in Brazil. The Company´s corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency and reduction of production costs and corporate expenses. PetroRio's main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and the environment. For further information, please visit the Company's website:www.petroriosa.com.br.
Petro Rio SA published this content on 08 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2018 21:24:06 UTC.
Original documenthttp://ri.petroriosa.com.br/download_arquivos.asp?id_arquivo=D656D015-B8D2-4699-9A71-605F67D44B9C
Public permalinkhttp://www.publicnow.com/view/3FC84BB3795ACE9044ACECA8B88775F95D4C9A7E
Prio SA, formerly Petro Rio SA is a Brazil-based holding company. It operates through its subsidiaries and specializes in efficient reservoir management and redevelopment of mature fields. The Company's main strategy is the acquisition of oil and gas fields, usually from large oil companies, and the creation of value through cost rationalization as well as efficiency and meticulous management of reservoirs. Prio SAâs assets include The Tubarao Martelo Field that produces approximately 10,000 barrels of oil per day through six wells interconnected to FPSO Bravo as well as Wahoo, an exploratory block in the Campos Basin with the potential to produce more than 125 million barrels in the pre-salt. The Company has several subsidiaries, such as Petro Rio O&G Exploracao e Producao de Petroleo Ltda and PRIO Bravo Ltda.