PRIO Advances in Revitalization of Campo de Frade in the Campos Basin and Discovers Indications of Oil at Maracanã Prospect

Written by Ruth Rodrigues

Published on 11/05/2023 at 23:46

Foto: PRIO

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The Revitalization Campaign of the Frade Field Is Highlighting the Region of the Basin of Campos. With the New Discovery of Signs of Oil in Maracanã, PRIO Is Preparing for Even More Intense Months.

The oil and gas market giant PRIO announced last Monday (05/08) that it has found new signs of oil in the Maracanã prospect, located in the Basin of Campos. The discovery occurred during the revitalization campaign of the Frade Field, which has been successful in the company’s projects. Now, the company is preparing to conduct even more intensive testing in search of new reserves over the next few months.

New Discovery of Signs of Oil by PRIO in the Maracanã Prospect Ensures Another Advance in the Company’s Campaign in the Basin of Campos

The Brazilian oil and gas company PRIO, previously known as PetroRio, is about to expand its presence in the oil industry in Brazil.

During a field revitalization campaign, PRIO discovered evidence of oil in a prospect located off the Brazilian coast.

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Company Plans to Intensify Testing in Search of New Oil Reserves Following the Revitalization of the Frade Field in the Basin of Campos

PRIO announced that it plans to conduct technical studies in the coming months to assess the possibility of drilling another extension well in a prospect located off the Brazilian coast.

The discovery made in the Maracanã prospect, located 6 km southwest of the FPSO Valente, ensures the company a promising future, depending on the upcoming tests.

According to PRIO, if the accumulations are economically viable, they could pave the way for new development in the Frade Field.

PRIO holds 100% of the Frade Field, which is a subsea development located in the northern Basin of Campos with wells linked to the FPSO Valente.

The company acquired the field in January 2021 after agreements with Petrobras and Chevron in 2019 and 2021, respectively.

Recently, the oil company also completed the acquisition of TotalEnergies’ stake in block BM-C-32, which includes the Itaipu field in offshore Brazil.

PRIO established a long-term operational agreement with Ocyan for the use of the sixth-generation semisubmersible platform West Capricorn in offshore operations in Brazil.

Now, it is turning its focus to the search for oil in the Maracanã prospect in the Basin of Campos and investing in the expansion of its presence in the domestic market.

PRIO Advances in Revitalization of Campo de Frade in the Campos Basin and Discovers Indications of Oil at Maracanã Prospect

The Revitalization Campaign of the Frade Field Is Highlighting the Region of the Basin of Campos. With the New Discovery of Signs of Oil in Maracanã, PRIO Is Preparing for Even More Intense Months.

New Discovery of Signs of Oil by PRIO in the Maracanã Prospect Ensures Another Advance in the Company’s Campaign in the Basin of Campos

Company Plans to Intensify Testing in Search of New Oil Reserves Following the Revitalization of the Frade Field in the Basin of Campos

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PRIO Advances in Revitalization of Campo de Frade in the Campos Basin and Discovers Indications of Oil at Maracanã Prospect

The Revitalization Campaign of the Frade Field Is Highlighting the Region of the Basin of Campos. With the New Discovery of Signs of Oil in Maracanã, PRIO Is Preparing for Even More Intense Months.

New Discovery of Signs of Oil by PRIO in the Maracanã Prospect Ensures Another Advance in the Company’s Campaign in the Basin of Campos

Company Plans to Intensify Testing in Search of New Oil Reserves Following the Revitalization of the Frade Field in the Basin of Campos

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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