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Energy Oil & Gas E&P

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

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Petro Rio S.A. > What is the truth? HRT or ANP

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Post by Rzbern on Nov 14, 2014 1:00pm

What is the truth? HRT or ANP

What is the truth?

HRT said it produced 577,000 in 3Q14

ANP says HRT (net) produced:

July: 5894 / (bbl / d): x30 = 176,820
August: 5832 / (bbl / d): x30 = 174,960
September: 5752 / (bbl / d) x30 = 172,560

TOTAL: 524,340

A difference of 52,660 (bbl / d) x U$ 88.00 = $ 4,634,080.00 (US $ 4.6 million dollars)

Whereas ANP measures the production of Octopus daily and HRT have a habit of increasing numbers since the report had indicated that, according to the company, 9.5 million profit and presentation already appears as 10 million, I think that ANP is correct. We need to see the CVM and the ANP on this divergence about production of HRT.

https://www.anp.gov.br/?pg=72886&m=&t1=&t2=&t3=&t4=&ar=&ps=&cachebust=1415884940986

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