Prio reserves rise by 133m barrels in one year By Reuters

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SAO PAULO (Reuters) – Oil company Prio has proven reserves of 547.3 million barrels, according to certification drawn up by consultancy D&M, an amount 132.7 million higher when compared to a year earlier, according to a relevant fact from the company this Monday- fair.

The new data refer to January 1, 2023.

Among the points that explain this increase are the larger volume of the reservoirs where the ODP4 and MUP5 wells are located, in the Frade field, and higher-than-expected production in the ABL-134 well, in Albacora Leste.

(By Andre Romani)