- CEO
- Roberto Bernardes Monteiro
- Full Time Employees
- 211
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Praia de Botafogo, 370 Rio De Janeiro RJ Brazil 22250-040
- IPO Date
- Apr 30, 2021
- Business
- Prio S.A. is an independent oil and gas company headquartered in Rio de Janeiro, Brazil, specializing in the exploration, development, production, and sale of oil and natural gas properties primarily in Brazil. The company operates through its subsidiaries and holds interests in several key offshore fields including the Polvo Field and Frade Field in the Campos Basin, the Albacora Leste Field, and the Wahoo and Itaipu Fields in the Camamu Basin, State of Bahia. Prio’s operations encompass efficient reservoir management and redevelopment of mature oil fields. Beyond exploration and production, Prio engages in the import, export, refining, sale, and distribution of oil, natural gas, fuels, and oil by-products as well as the generation, sale, and distribution of electric power. The company targets both domestic and international markets, maintaining a diversified portfolio across the oil value chain.
Founded in 2009 and formerly known as Petro Rio S.A., the company rebranded to Prio S.A. in May 2023 to reflect its broader energy ambitions. A significant recent development includes the completion in 2025 of the acquisition of a 40% interest and operatorship of the Peregrino Field in the Campos Basin from Equinor do Brasil Ltda., increasing its stake in the field to 80%. This acquisition enhances Prio’s production capacity by approximately 40,000 barrels per day, bringing its total production to over 150,000 barrels per day, with plans to reach 190,000 barrels per day through further development of the Wahoo and Peregrino fields and a target to exceed 200,000 barrels per day upon acquiring full control of Peregrino. This transaction aligns with Prio’s strategic focus on growth through acquisition and redevelopment of mature fields, improving operational efficiencies, and reducing lifting costs.
Prio’s main products and services include crude oil exploration and production; oil and natural gas refining; sale and distribution of fuels and oil derivatives; and electric power generation and distribution. Its strategic growth through acquisitions and operational leadership in mature oil field redevelopment mark key operational and expansion trends in the company’s recent history. The company's geographic focus remains predominantly Brazil, particularly offshore basins, with an international presence through exports.
These developments, alongside enhanced operational capabilities and strategic asset consolidation, underscore Prio S.A.’s positioning as a growing integrated energy company advancing its footprint in Brazil's oil and gas sector and broader energy market. The company continues to leverage its expertise in reservoir management to optimize production and extend the lifecycle of aging oil assets, reinforcing its comprehensive role in the energy value chain.