Prio S.A. PTRRY

Company Overview

PRIO S.A. is an independent oil and gas exploration and production company focused on the redevelopment and operation of mature offshore oil fields in Brazil. The company operates in the upstream energy sector, with activities centered on oil production, reservoir revitalization, and operational efficiency improvements in previously underdeveloped or declining assets. Its core revenue driver is crude oil production sold into domestic and international markets at prices linked to global benchmarks.

Formerly known as PetroRio, the company rebranded to PRIO to reflect a broader operational focus beyond its original assets. Founded in 2008, PRIO has evolved through a strategy of acquiring mature offshore fields from major operators and applying cost discipline, technical optimization, and targeted capital investment to extend field life and increase recovery. This approach has positioned PRIO as one of the largest independent oil producers in Brazil’s offshore sector.