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Prio (PRIO3) reached production of 101,5 thousand boepd in the 4th quarter of 2023, with sales of 32,6 million barrels and a slight increase in relation to the operational preview.
Prio (PRIO3) achieved a production of 100,3 thousand barrels of oil equivalent per day (boepd) in the fourth quarter of 2023, showing a slight increase compared to the previous period, according to data released by the company. In December, production reached 101,5 thousand boepd, representing a milestone for the company.
Furthermore, with complete data from December, the oil company reached an average daily production of 88 thousand barrels of oil in 2023. In relation to sales, Prio recorded a sequential drop of 14,3% in the fourth quarter of last year, recording around of 32,6 million barrels in sales throughout 2023, demonstrating a significant impact on the company's output.
Oil company production reached 101,5 thousand barrels of oil equivalent per day
The production of barrels of oil equivalent per day by the oil company reached a total of 101,5 thousand, according to the operational preview released. This represents a significant increase compared to previous periods, demonstrating a high level of productivity and efficiency in oil manufacturing.
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Fixed income and analyst recommendations boost production
Fixed income and the analyst's recommendations were fundamental in boosting the oil company's production. With well-defined strategies and targeted investments, the company managed to significantly increase its oil generation, achieving very positive results. This also had a direct impact on sequential sales, which reached approximately 32,6 million barrels, demonstrating the company's potential.
Creating new opportunities for oil production
The creation of new opportunities for oil production is one of the oil company's priorities. With a clear focus on improving productivity and increasing output, the company is constantly looking for ways to optimize its processes and make the most of its resources. This includes investments in technology and innovation, as well as strategic partnerships to maximize oil manufacturing.
Challenges and prospects for oil production
Despite the challenges faced by the sector, the outlook for oil production remains positive. With an unwavering commitment to productivity and oil generation, the oil company is prepared to overcome obstacles and reach new levels of success. The company is focused on maintaining a constant pace of production, ensuring the satisfaction of its customers and shareholders.
Source: moneytimes
