PRIO’s June Production and Market Insights

In June 2024, PRIO (PRIO3) reported an average daily production of 88,200 barrels of oil equivalent (boepd). This figure represents a slight 0.5% decline from May’s numbers. The Frade field, a significant contributor, produced 46,000 boepd in June. This 1% decrease resulted from the May shutdown of the ODP3 well, pending Ibama’s approval. Similarly, the […]