AMERICAS OIL: PRIO Plans 10 Offshore Wells in Brazil Next Year, CEO Says

PRIO Plans 10 Offshore Wells in Brazil Next Year, CEO Says * Rio de Janeiro-based oil producer PRIO SA plans to drill 10 wells at its offshore fields in Brazil next year, Chief Executive Officer Roberto Monteiro said on Wednesday. * The objective is to keep production at around 200,000 b/d by offsetting natural decline rate Monteiro said at a conference in Rio * PRIO moved forward four offshore wells that were planned for 2027 on higher oil prices * The company is not pursuing any acquisitions in Brazil at this time * Prio started selling oil from Peregrino field to China after more Venezuelan oil started going to US