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Breakfast in Rio - Offshore E&P project opportunities with PRIO & Foresea

28 Feb 2024
Rio de Janeiro
Business Presentation

Terms & Conditions

  • Your booking is not confirmed until you have paid in full.
  • Cancellations made 14 days prior to the event will receive a full refund. There is no refund for cancellations made after this date.
  • Substitution of delegates can be made at any time
  • EIC reserves the right to cancel due to unforeseen circumstances. Please where possible book flexible or refundable travel.
  • EIC is not liable for any expenses incurred by delegates. Please refer to our website for full terms and conditions.
  • Although presentations will be primarily delivered in English exception can be made when the audience consists entirely of Portuguese speakers.

If you are having trouble booking or registering, please see our online registration and booking guide.

About this event

The EIC is glad to announce the Breakfast in Rio - Offshore E&P project opportunities with PRIO & Foresea

Join the EIC´s South America in the Breakfast in Rio - Offshore E&P project opportunities with PRIO and Foresea.

PRIO, a leading player in the field of mature field recovery and life extension within the oil and gas industry. Renowned for its exceptional performance and strategic acquisitions, PRIO has demonstrated significant growth in recent years.

In 2023, achieved a noteworthy milestone by producing 88 thousand barrels of oil equivalent per day (boed), marking a remarkable 117% increase compared to its 2022 production. Particularly impressive is PRIO's performance in the fourth quarter of 2023, where the average production of 100 thousand boed reflected a substantial 110% growth from the same period in the previous year.

A standout feature of PRIO's operations is the commitment to operational excellence, exemplified by the company's consistent efficiency in oil extraction. The month of December 2023 saw the production average at 101 thousand boed, with specific highlights such as the Albacora Leste field contributing significantly to this success.

With full ownership of key assets, including the Frade field (100%), Polvo/Tubarão Martelo (100%), Albacora Leste (90%), and Wahoo (64.3%), all situated in the Campos Basin, PRIO has solidified its position as an industry leader. Additionally, the company's ventures in exploration, such as a 60% stake in Itaipu and 100% ownership of blocks in the Foz do Amazonas Basin, further underscore its commitment to innovation and growth in the oil and gas sector.

Foresea is a company dedicated to providing solutions in Offshore Drilling. The first Brazilian company to operate a semi-submersible unit anchored in water depths exceeding 1,000 meters in the sector.

With five assets in operation in Brazil, comprising four drillships and one semi-submersible platform (Norbe VI, Norbe VIII, Norbe IX, ODN I, ODN II), the company replaces Ocyan in the drilling arena. Besides the five rigs under service with Petrobras and PRIO, Foresea also has a contract to operate the PRIO-owned Hunter Queen semisubmersible rig, formerly known as West Capricorn.

Now a key player in Brazil's oil and gas market, Foresea is geared for growth with efficient operations, poised to pursue investment opportunities and new contracts in 2024.

Event Details:
Date: 28 February 2024 - 09:00am (BRT)
Location: Rio de Janeiro, Rj

Booking Cost:
Regular Ticket Cost:
EIC Members: R$330
Non-members: R$400

Click HERE to book your place!

André Luiz Drummond, Executive Manager of Supply Chain and Planning | PRIO

Heitor Gioppo, Chief Operations Officer - Foresea


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For any questions regarding this event, please contact the organiser.
Jessica Moraes
Event Manager
The EIC - Rio de Janeiro Office