PetroRio Releases Operational Data for the Second Quarter of 2020

Written by Paulo Nogueira

Published on 10/07/2020 at 18:40

Updated on 10/07/2020 at 19:45

PetroRio óleo e gás junho 2020

Be the first to react!

PetroRio, the largest independent oil and gas company in the country, announces its preliminary Operational Data for June 2020. In the second quarter, 1.4 million barrels (bbls) were sold from the Polvo and Frade Fields, which, combined with a similar number obtained in the first three months, results in 2.8 million bbls achieved in the semester.

The daily production of 23,500 barrels is in line with the company’s monthly production in the first six months of the year. Check the tables below:

The data refers to 70% of the Frade Field. PetroRio awaits the completion of the acquisition of the remaining 30% announced on November 28, 2019, to incorporate this volume into the Company’s monthly production.

ARTICLE CONTINUES BELOW

See also

The reduction in production at Manati between March and May 2020 was due to a decline in demand from the customer (Petrobras) during that period. The operation has a minimum consumption contract (take-or-pay) equivalent to 1,574 boe per day.

Stringent Safety Protocol

The lower production at Polvo in June is attributed to a shutdown of one week on the FPSO leased and operated by BW Offshore in the Field, following the identification of Covid-19 cases on board, which reduced the operational efficiency of the vessel.

Thus, PetroRio reinforces the requirement for safety and health protocols from all its suppliers in addition to the measures already adopted by the service providers themselves.

PetroRio aims to avoid new occurrences and, if necessary, ensure a quick neutralization of events to prevent any disruption to its operations.
About PetroRio

PetroRio is the largest independent oil and natural gas company in Brazil. The Company seeks to increase production through the acquisition of new producing assets, redevelopment, greater operational efficiency, and rationalization of production costs and corporate expenses. Its primary objective is to create value for its shareholders with increasing financial discipline and preservation of its liquidity, with total respect for safety and the environment. For more information, visit the site: www.petroriosa.com.br.

PetroRio Releases Operational Data for the Second Quarter of 2020

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

In Sudan, expensive fuel, queues, and blackouts were stifling drivers, but an engineer created electric tricycles, and some owners even started operating with solar panels on the roof, reducing costs and helping workers to even double their daily income.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.

PetroRio Releases Operational Data for the Second Quarter of 2020

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.

Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.

Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.

China discovers more than 200 new oil and gas fields in the last five years

Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.

In Sudan, expensive fuel, queues, and blackouts were stifling drivers, but an engineer created electric tricycles, and some owners even started operating with solar panels on the roof, reducing costs and helping workers to even double their daily income.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.