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A prio (prio3) had a production of 100.1 thousand barrels of oil equivalent per day (boed) in the second trimester of thiso, according to preliminary operational data released on Thursday (3).
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In the friar field, where the repair of the gas compression system was completed and production was normalized after failure, production in the quarter totaled 23.1 thousand boed, according to prio.
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At the Polo Poly and Tubarão hammer, the daily production was about 11,000 boed in the second quarter, while in the Albacora East field and the pilgrim unit the numbers were 26.8 thousand boed and 39.2 thousand boed, respectively.
Prio wants to double production
Last month, the CEO of Prio, Roberto Monteiro, said the company should reach Production of more than 200 thousand barrels per day (BPD) next year.
The projection takes into account the advance of the development of the Wahoo Campo and the purchase of the pilgrim field, explained the executive.
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In the case of Wahoo, I am awaiting license from the Ibama environmental agency to interconnect its producing wells and start production.
Can action still rise?
The action of the prio is negotiated in the range of $ 42, but part of the analysts sees space for expressive gains. Itaú BBA sees the role at R $ 62.
The bank considers that the end of Wahoo’s licensing process and its first oil production in April 2026, as well as peregrine cost reduction measures, are the main triggers for the appreciation of short -term actions.
Itaú BBA estimates a free cash flow yield to the shareholder (FCFe) of 23% in 2026 and 29% the following year.
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*With information from Reuters
Source: Moneytimes
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