PetroRio Closer to Conclude Wahoo Farm-In

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After announcing the acquisition of the shares from bp and Total (35.7% and 28.6%, respectively), the company plans to develop the asset with an infrastructure of six wells, two of them being injectors, connected to the FPSO Frade. After negotiations are completed, the percentages will be 64.3% PetroRio and 35.7% IBV.

Wahoo was discovered through the well 1-APL-1-ESS drilled in 2008 on the block C-M-101 (BM-C-30) and previous testing showed the reserves could produce more than 140 million barrels of oil. This would also mark the entrance of PetroRio on pre-salt opportunities.

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