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    1. Regional Reports
    2. Latin America

    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)
    Frade Fpso Petrorio 60216fb8ceb27

    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.

    02/08/2021