World News: 19:05 GMT Thursday 6th December 2018. [Petro Rio S.A. Petro Rio S.A. via Businesswire via SPi World News]
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data.
1- In January, Polvo Field performed scheduled maintenance procedures which resulted in a temporary shutdown which lasted 10 days.
2- Refers to PetroRio’s 10% W.I. in Manati Field.
3- On November 19, one well producing 800 bbl/d was temporarily shutdown, resuming operation on December 6.
PetroRio is one of the largest independent companies in the oil and gas production in Brazil. The Company´s corporate culture seeks to increase production through the acquisition of new production assets, the re-exploration of assets, increased operational efficiency and reduction of production costs and corporate expenses. PetroRio's main objective is to create value for its shareholders with growing financial discipline and preserving its liquidity, with full respect for safety and the environment. For further information, please visit the Company's website: www.petroriosa.com.br.
Business Wire: 19:05 GMT Thursday 6th December 2018
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