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Ibama License Unblocks PRIO’s Billion-Dollar Project, What’s Next for Wahoo?

Written by Carla Teles

Published on 18/07/2025 at 17:58

Oil and Gas

PRIO avança no projeto Wahoo com licença prévia do Ibama. Entenda como este passo é crucial para o desenvolvimento que pode gerar US$ 2,3 bilhões para a petroleira. Imagem: PRIO

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Petrobras PRIO Advances in Its Strategic Project at Wahoo Field After Receiving Permission from the Environmental Agency, A Fundamental Step for Production Development.

The PRIO (PRIO3) announced on Friday, July 18, an important milestone for its expansion projects. The company obtained the preliminary license from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) for the development of the Wahoo field, bringing it closer to starting operations that can add significant value to the company.

The Advance of PRIO in the Licensing Process

Obtaining the preliminary license is a crucial step for PRIO. This document allows the company to move forward with the interconnection plan between the wells of the Wahoo field and the Floating Production Storage and Offloading unit (FPSO) Frade. Obtaining this license demonstrates the project’s alignment with initial environmental requirements.

License Details and PRIO’s Next Steps

With the preliminary license in hand, PRIO will now focus its efforts on the next phase of the process. The goal is to obtain the installation license. Only with this new authorization will it be possible to effectively begin the construction of the subsea structure and carry out the definitive interconnection of the field to its FPSO.

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The Financial Potential of the Wahoo Field

The Wahoo project represents enormous value generation potential for PRIO. According to market analyses, such as those from Goldman Sachs, executing the tieback for the field can generate an Internal Rate of Return (IRR) of 26% in dollars, an indicator of high profitability.

Market Analysis of PRIO’s Project

The market’s optimism regarding PRIO‘s project is justified by the numbers. The Net Present Value (NPV) of the Wahoo field has been estimated at US$ 2.3 billion by the end of 2025. This amount is equivalent to about R$ 16 per share, representing approximately 37% of the current market value of PRIO.

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Ibama License Unblocks PRIO’s Billion-Dollar Project, What’s Next for Wahoo?

Petrobras PRIO Advances in Its Strategic Project at Wahoo Field After Receiving Permission from the Environmental Agency, A Fundamental Step for Production Development.

The Advance of PRIO in the Licensing Process

License Details and PRIO’s Next Steps

The Financial Potential of the Wahoo Field

Market Analysis of PRIO’s Project

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Ibama License Unblocks PRIO’s Billion-Dollar Project, What’s Next for Wahoo?

Petrobras PRIO Advances in Its Strategic Project at Wahoo Field After Receiving Permission from the Environmental Agency, A Fundamental Step for Production Development.

The Advance of PRIO in the Licensing Process

License Details and PRIO’s Next Steps

The Financial Potential of the Wahoo Field

Market Analysis of PRIO’s Project

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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