Our Trajectory
A story about people, results, nonconformity and daring
2015
PetroRio is born
95
Employees
R$ 0,36
PRIO3 share value
5,1 thousand
Barrels of oil produced per day
Transition from HRT to PetroRio
Strategy to revitalize production from mature fields
50% reduction in operation and production costs
Implementation of a new company culture
2016
PetroRio starts holding 100% of the production rights in the Polvo field
99
Employees
R$ 0,28
PRIO3 share value
8,2 thousand
Barrels of oil produced per day
Start of revitalization of the Polvo field through workovers
Historic low in the barrel price
Purchase of 40% of Maersk
Focus on increasing oil production and sales
2017
Start of the Stock Options program
120
Employees
R$ 0,87
PRIO3 share value
10,1 thousand
Barrels of oil produced per day
Approval by regulatory bodies of the Polvo revitalization and drilling campaign
Purchase of 100% of BrasoilManati and two blocks in Amazonas
Start of independent export of oil
Partnership with Instituto Reação
2018
PRIO3 shares start to rise on the stock exchange
135
Employees
R$ 1,66
PRIO3 share value
11,7 thousand
Barrels of oil produced per day
PetroRio's first drilling campaign
40% increase in production from the Polvo field
First investments in social and cultural projects
New onshore office in Botafogo
2019
Acquisition of 70% (and operation) of Frade Field including FPSO Valente
289
Employees
R$ 3,53
PRIO3 share value
19,75 thousand
Barrels of oil produced per day
Creation of the Health and Wellness program
New drilling campaign at Polvo
Transfer of the logistics base to Açu
2020
COVID-19 pandemic is not an impediment to PetroRio's growth
429
Employees
R$ 7,36
PRIO3 share value
26,5 thousand
Barrels of oil produced per day
Acquisition of 80% of the Tubarão Martelo Field + FPSO Bravo
Acquisition of the King Maker drilling rig
Approval of the tieback project between Tubarão Martelo and Polvo fields
Start of Wahoo field negotiation
2021
Conclusion of the tieback between Tubarão Martelo and Polvo fields
421
Employees
R$ 19,56
PRIO3 share value
31,6 thousand
Barrels of oil produced per day
Follow on: issuance of R$ 2 billion in new shares
Over R$ 600 million raised in international bonds
Extension of the useful life of the Polvo and Tubarão Martelo fields with the tieback completion
Acquisition of 64% of the Wahoo field + remaining 30% of the Frade field
Approval of the Frade field Revitalization Plan (FRP) by
regulatory bodies
PetroRio takes the lead in negotiations for the purchase of the Albacora Leste field
2022
PetroRio is now PRIO
630
Employees
R$ 25,37
PRIO3 share value
40,9 thousand
Barrels of oil produced per day
Signing of the purchase and sale agreement for Albacora Leste
Approval of the merger of Dommo by PRIO
Issuance of R$ 2 billion in debentures
Acquisition of the Hunter Queen drilling rig
Beginning of the revitalization plan for the Frade field
Successful drilling doubles production in the Frade field
2023
PRIO buys 90% of the Albacora Leste Field
749
Employees
R$ 49,05
PRIO3 share value
90 thousand
Barrels of oil produced per day
Acquisition of the remaining 40% of Itaipu
Merger of Dommo is carried out
Acquisition of 100% of the Tubarão Martelo Field
Extension of the useful life of the Frade field with the
FRP completion
Approval of the Wahoo Development Plan and tieback with the Frade field
PRIO reaches production mark of 100k bbl/day
