Petro Rio SA
- Company typePublic
- Founded2015
- HeadquartersRio De Janeiro, Brazil
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Petro Rio SA firmographics
Firmographics- Name
- Petro Rio SA
- Legal name
- PetroRio SA
- Website
- https://petroriosa.com.br
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Where Petro Rio SA is headquartered
LocationHeadquarters
- HQ city
- Rio De Janeiro
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Petro Rio SA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Crude Oil Production and Sales: PRIO generates revenue through the production and sale of crude oil from its offshore fields in Brazil's Campos Basin. Production reached record levels of 196,300 barrels per day in July 2026, with Q2 2026 revenue of $1.2 billion.
- Oil Trading: The company operates an oil trading division that facilitates the sale of crude oil production to domestic and international markets.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Petro Rio SA product offering
Product offeringCore offering
PRIO is a Brazilian independent upstream oil company that produces and sells crude oil from offshore fields in Brazil's Campos Basin. The company operates six producing assets (Polvo, Tubarão Martelo, Frade, Wahoo, Albacora Leste, and Peregrino) using FPSO vessels, specializing in revitalizing mature fields through operational efficiency and proprietary technology such as extended-reach drilling and the Lighthouse AI asset management platform.
Product overview
PRIO (formerly PetroRio) is a Brazilian independent oil company that operates offshore oil fields in the Campos Basin. The company operates a fleet of FPSO vessels with combined processing capacity of up to 380,000 barrels per day across six main producing assets: Polvo Field (first operated field, acquired 2015), Tubarão Martelo Field, Frade Field (acquired from Chevron in 2019), Wahoo Field (pre-salt greenfield project), Albacora Leste Field (acquired 2022), and Peregrino Field (full operatorship acquired 2025). PRIO specializes in revitalizing mature offshore fields through efficiency improvements and technological innovation. The company has implemented AI-powered asset management through the Lighthouse AI platform for predictive maintenance and failure prevention. The company also maintains R&D operations, oil trading functions, and a corporate venture capital fund (PRIO Ventures) for investing in innovative technologies. Production reached approximately 196,000 barrels per day as of July 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Instituto PRIO: Socio-environmental initiative investing in Environmental Education, Biodiversity & Climate, and Economy of the Sea projects
- PRIO Ventures
Products and services
- Crude Oil Production and Sales Production of crude oil from offshore fields in Brazil's Campos Basin (Polvo, Tubarão Martelo, Frade, Wahoo, Albacora Leste, Peregrino), sold directly to domestic Brazilian refineries and international oil trading companies. Record production reached 196,300 barrels per day in July 2026.
Quantifiable outcome
- 45% reduction in planning time through digital solutions
- +4 more outcomes
Companies that use Petro Rio SA
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Petro Rio SA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature4 records
Petro Rio SA partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Shape DigitalcorePRIO signed contract with Shape Digital to implement the Lighthouse AI platform for asset management across its Albacora Leste, Frade, and Tubarão Martelo fields, operating across FPSOs with combined processing capacity of up to 380,000 barrels per day.
- DLA PiperminorDLA Piper advised PetroRio on acquiring Dommo Energia in a transaction valued at USD 179.9 million, assisting with cross-border legal, tax, and antitrust work.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Petro Rio SA competitors and assessment
Company assessmentDirect peers
- Gran Tierra Energy: Latin America-focused independent E&P company operating primarily in Colombia and Ecuador. Comparable to PRIO as a mid-cap independent upstream operator pursuing growth via field redevelopment and infill drilling in a single region.
- Harbour Energy: Independent E&P company formed from Premier Oil with a mature-field revitalization strategy in the UK North Sea and internationally. Directly comparable to PRIO in its 'buy mature assets, optimize via technology and tie-backs' playbook.
- 3R Petroleum: Brazilian independent upstream operator pursuing mature-field redevelopments across onshore and offshore assets. Closest strategic peer to PRIO given shared Brazilian geography, focus on revitalizing deprioritized fields, and acquisition-led growth model.
- Murphy Oil: Independent upstream oil and gas producer with offshore and onshore operations. Comparable to PRIO as a publicly listed, exploration-and-production-focused independent with a focus on margin and capital discipline.
- PetroRecôncavo: Brazilian independent E&P company focused on revitalizing mature onshore and shallow-water oil fields. Comparable to PRIO in mature-field specialization and Brazilian-listed independent producer profile, though more onshore-weighted.
- Kosmos Energy: Independent offshore E&P company with production in Ghana, Equatorial Guinea, and Mauritania. Comparable to PRIO as an offshore-focused independent upstream operator using subsea and FPSO-based infrastructure.
- Tullow Oil: Independent upstream E&P company with diversified offshore and onshore production. Comparable to PRIO as a mid-cap independent producer with a portfolio built through acquisitions and a focus on free cash flow generation.
- Vaalco Energy: Independent international E&P company operating offshore Gabon, Egypt, and Equatorial Guinea. Comparable to PRIO as a smaller-cap independent upstream operator pursuing growth via asset acquisitions and field optimization.
Broad incumbents
- Petrobras: Brazilian state-owned integrated oil major operating the dominant share of Campos Basin and pre-salt production. Overlaps with PRIO as the dominant Brazilian upstream incumbent from which PRIO sources divested non-core assets.
- Equinor: International integrated energy major and PRIO's counterparty in the Peregrino transaction. Comparable as a large-scale offshore operator whose Brazilian asset divestments have directly fueled PRIO's growth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Petro Rio SA social profiles
Digital presencePetro Rio SA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petro Rio SA leadership team
Management profileNumber of profiles
Petro Rio SA subsidiaries and ownership
Company hierarchySubsidiaries3 records
Petro Rio SA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petro Rio SA M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petro Rio SA
What does Petro Rio SA do?
PRIO is a Brazilian independent upstream oil company that produces and sells crude oil from offshore fields in Brazil's Campos Basin. The company operates six producing assets (Polvo, Tubarão Martelo, Frade, Wahoo, Albacora Leste, and Peregrino) using FPSO vessels, specializing in revitalizing mature fields through operational efficiency and proprietary technology such as extended-reach drilling and the Lighthouse AI asset management platform.
Is Petro Rio SA a public or private company?
Petro Rio SA is a public company. It is classified as public and is currently operating.
When was Petro Rio SA founded?
Petro Rio SA was founded in 2015. It employs 501 to 1,000 people.
Where is Petro Rio SA based?
Petro Rio SA is headquartered in Rio De Janeiro, Brazil, in the Latin America region.
How does Petro Rio SA make money?
Two revenue lines are on record. Crude Oil Production and Sales are the primary driver. The others are oil Trading.
Who are Petro Rio SA's main competitors?
Direct peers on record are Gran Tierra Energy, Harbour Energy, 3R Petroleum, Murphy Oil, PetroRecôncavo, Kosmos Energy, Tullow Oil and Vaalco Energy. Broad incumbents are Petrobras and Equinor.
Does Petro Rio SA have an API?
No public API is recorded for Petro Rio SA.