Back
Institutional
PRIO shares business strategies for mature fields at the next edition of OTC Brasil
Innovation, sustainability, and offshore operations challenges are highlights of the oil company at the industry event
PRIO, Brazil’s largest independent oil and gas company, presents a panel at OTC Brasil on strategies for revitalizing mature fields, focusing on the Campos Basin. The panel also highlights technological and operational solutions aimed at increasing oil recovery in an efficient and sustainable manner.
PRIO’s business model has shown significant results. In the past ten years, the company has multiplied its production twenty-fold, reduced operating costs to world-class levels, and continues to build a legacy of innovation, efficiency, and social impact Furthermore, PRIO plays a relevant role in strengthening the national industry and in the country’s energy safety.
“Oil fields do not stop producing when the oil runs out, but when it becomes economically unfeasible to produce it.” That is where PRIO comes in. Therefore, talking about efficiency in mature fields is talking about the heart of our business. “We are proud to lead projects that showcase the revitalization potential of Brazilian basins,” highlights Francilmar Fernandes, COO and one of the panelists at the event.
The panel led by Fernandes will bring together experts to present successful case studies and highlight innovative initiatives for the revitalization of the Campos Basin, which has been under exploration for over 50 years and remains one of the most significant in Brazil.
Furthermore, the PRIO Talks arena, located at the PRIO booth at the event, will feature a varied program that will address strategic topics such as innovation, talent development, supply chain, sustainability, and the challenges of offshore operations. The format was designed to be dynamic and participatory, encouraging the exchange of experiences and strengthening the culture of dialogue promoted by the company.