Brazil’s largest independent approaches 100,000 bpd production milestone

Brazilian independent Prio has started output from a new well in the Frade deep-water field in the Campos basin at flow rates above expected, bringing the company’s total oil production closer to the 100,000 barrels per day mark.

Prio said well N5P2 entered operation this week with a stabilised initial production of 11,000 bpd, taking Frade’s output to 50,000 bpd.

Combined with its other producing fields in the Campos basin – Albacora Leste and the Polvo-Tubarao Martelo shallow-water cluster – Prio reached a record output of 90,000 bpd.