About Frade Field

• We acquired a stake in the field in 2019, and concluded the purchase in 2020
• It currently produces 60,000 barrels a day, on average
• It is operated by FPSO Valente with a processing capacity of 150 thousand barrels per day and storage of up to 1.5 million barrels.
• The FPSO Valente is connected to Brazil’s national gas pipeline network and being able to sell the gas produced or purchase gas in order to meet the demands of the field