Offshore staff
RIO DE JANEIRO, Brazil — PetroRio has completed its first issue of local debentures, worth R$2 billion (US$59.2 million).
Among these resources, R$1.5 billion (US$296.1 million) will be directed to PetroRio's infrastructure projects, such as the Frade Field development plan, and the rest will be allocated to other corporate investments.
On Aug. 15, PetroRio said it had interrupted production in the Frade Field due to an inert gas line. The company had initially estimated that the interruption of production from the field located in the Campos Basin would last between five to seven days.
Average production from the Frade Field in second-quarter 2020 was 14,759 boe/d, a dip compared to the average output of 14,941 boe/d in second-quarter 2021.
In July, PetroRio brought online the ODP4 well at the field, nearly doubling the Frade Field's output. Average production from the Frade offshore oil field in July was 28,509 boe/d.
In May, a subsidiary of Aquadrill LLC has entered into a memorandum of agreement for the sale of the Capricorn semisubmersible drilling unit in its current condition, together with everything belonging to it on board or onshore, with buyer Petro Rio Jaguar Petroleo Ltda., a subsidiary of Petro Rio S.A., for $40 million.
In January, PetroRio commissioned a workover on the OGX-44HP well at the Tubarão Martelo Field in the southern Campos Basin offshore Brazil, following a failure in the electrical submersible pump.
08.26.2022
