Petro Rio SA started production of the 7-FR-61HP-RJS (N5P2) well in Frade field in the Campos basin offshore Brazil, about 125 km from Cabo Frio and 172 km from Polvo field.
N5P2, the fourth producing well of the Frade revitalization plan, flowed at a stabilized initial production of about 11,000 b/d of oil, above original projections. The field is now producing about 50,000 b/d.
Total well cost was $55 million for construction and subsea connection.
Frade field producing wells are connected via risers to the Frade FPSO which has the capacity to process up to 100,000 b/d and can store up to 1.5 million bbl of oil.
PetroRio is operator with 70% interest.
