PRIO today announced the acquisition of a stake in the Wahoo field, marking the Company’s entry into the pre-salt. The development project includes interconnection between the Wahoo and Frade fields.
During the process of evaluating the investment opportunity, PRIO verified the possibility of interconnecting Wahoo with Frade and thus conceived a new development project relying on the existing infrastructure, completely aligned with its value generation strategy.
The Wahoo interconnection base project includes the drilling of four producing wells, two injection wells, the installation of a subsea manifold with multiphase pumps for the flow of produced oil and injected water, and the tieback between the manifold and the Frade FPSO. This project may be adjusted depending on the conditions encountered after the start of production.
The Company has estimated an initial average productivity of over 10,000 barrels per day per well and a production that could exceed 40,000 barrels per day in Wahoo, based on the results of the formation test (TFR) conducted on an exploratory well.