PetroRio takes full ownership of Frade field offshore Brazil
Feb. 8, 2021
Petrobras has completed the sale of its 30% interest in the Frade field in the Campos basin to a subsidiary of Brazilian independent PetroRio.
(Courtesy PetroRio)
Offshore staff
RIO DE JANEIRO – Petrobras has completed the sale of its 30% interest in the Frade field in the Campos basin to a subsidiary of Brazilian independent PetroRio.
The latter now has a 100% controlling interest in Frade, situated 118 km (73 mi) offshore the north coast of the state of Rio de Janeiro, in water depths of 1,050-1,300 m (3,445-4,265 ft).
Production started in June 2009, last year averaging around 20,000 boe/d, with 6,000 boe/d net to Petrobras.
PetroRio also operates the Tubarão Martelo and Polvo fields in the same basin and is a partner in Manati in the Camumu-Almada basin.
