PetroRio Innovates and Will Host First Investor Event Abroad

Written by Paulo Nogueira

Published on 23/05/2019 at 07:11

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PetroRio Innovates by Hosting a Cocktail on May 21 at the Houston Museum of Natural Science, the Company’s First Event Outside the Country.

PetroRio’s CEO, Nelson Queiroz Tanure, will give a presentation to an audience made up of investors and other oil and gas industry professionals, where he will address the company’s differentiators, its strategy for investing in mature fields, and the most important milestones of the company, such as the recent acquisition of the Frade field.

“With extensive experience in mature fields and M&A in Brazil, PetroRio has been growing and wishes to share its knowledge,” says PetroRio’s CEO.

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PetroRio Reports Revenue of R$ 139 Million in the First Quarter

PetroRio reported a net revenue of R$ 139.4 million in the first quarter of 2019, a 19% increase compared to R$ 117.2 million achieved in the same period in 2018. The main operational highlight in the quarter was the 55% increase in production from the Polvo field in this comparison base, resulting from the drilling campaign carried out last year.

EBITDA, in turn, reached R$ 54.9 million adjusted in the first quarter of this year – R$ 35.3 million, disregarding the effects of IFRS 16, which represents a 200% increase in the line item and a 25.3% margin in the quarter.

“In these first three months of the year, we completed the acquisition of the company’s most important project since operations began in 2015, reinforcing our position as the largest independent oil and gas operator in Brazil,” stated Nelson Queiroz Tanure, CEO of PetroRio.

Source: PetroRio

PetroRio Innovates and Will Host First Investor Event Abroad

PetroRio Innovates by Hosting a Cocktail on May 21 at the Houston Museum of Natural Science, the Company’s First Event Outside the Country.

PetroRio Reports Revenue of R$ 139 Million in the First Quarter

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