PRIO

PRIO S.A. is an independent Brazilian oil and gas company with a business model focused on acquiring, redeveloping and operating mature production fields. The company specializes in efficient reservoir management and cost optimization to increase the recovery factor and extend the useful life of its assets. Its exploration and production operations are concentrated in oil fields located in deep waters, mainly in the Campos Basin, off the coast of Brazil. Its asset portfolio includes Frade, Albacora Leste, the Octopus and Hammershark cluster, and Peregrino, and the Wahoo field development. Production is carried out using floating production, storage, and transfer units (FPSOs). Additionally, the company has a unit for the sale of the oil produced.