INSUBCONTINENT EXCLUSIVE:
Felipe Moreira reported on April 4, 2025, that PRIO (PRIO3), a major Brazilian oil firm, saw March production drop to 104,800 barrels of oil
equivalent per day (boepd), down 3.5% from February.Sales fell 6.4% to 3.182 million barrels compared to November 2024, signaling
operational and regulatory challenges
The Albacora Leste field also faced downtime during compressor replacements, though work concluded in late March.Sales disparities emerged
million barrels.Quarterly figures showed resilience, averaging 108,000 boepd production and 10.19 million barrels sold, but licensing
Analysts note risks: Goldman Sachs warns of cash flow pressures but highlights upside potential, pegging shares at R$60.30
environmental compliance, testing firms like PRIO
Its ability to balance output recovery with bureaucratic delays will shape investor confidence as global energy markets fluctuate.
