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Oil & Gas

Brazil’s Prio looks to score at Frade field with Maracana exploration well

Brazilian independent Prio has started a new exploration drive in the Frade field, as it searches for new pockets of oil within the Campos basin deep-water development.

Prio is presently conducting a second revitalisation campaign at Frade, which reached output of 50,000 barrels per day of oil last week after the N5P2 well was placed on stream and achieved better-than-expected flow rates.

The company is now undergoing a fresh infill programme with the drilling of the Maracana prospect in 978 metres of water, according to data from Brazilian market regulator ANP.

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