Petro Rio Brings Online MUP5 Well at Frade Field Off Brazil

Frade FPSO (File photo courtesy SBM Offshore)
Frade FPSO (File photo courtesy SBM Offshore)

The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil.

Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections, increasing the Field’s production by 25% and the company’s production by 10%. 

With this weel, the company said it had reached the milestone of 80,000 barrels per day in production in total.

"The MUP5 well, the third producing well of the Frade Revitalization Plan, was executed in a shorter timeframe than initial projections and almost 1 year ahead of initial planning, with a total cost of $50 million for its construction and subsea connection," the company said, adding that it would keep the market informed of new developments in Frade’s Revitalization Plan.

Current News

Galp Sells Its Upstream Assets in Mozambique to ADNOC

Galp Sells Its Upstream Assets

Equinor to Keep DeepSea Aberdeen Rig Busy Off Norway Under $121M Contract Extension

Equinor to Keep DeepSea Aberde

New Petrobras CEO to Execute Investment Plan Without Surprises

New Petrobras CEO to Execute I

Hess Facing Three Lawsuits Over Disclosures in Chevron Deal

Hess Facing Three Lawsuits Ove

Subscribe for OE Digital E‑News

Offshore Engineer Magazine