ENAUTA DELAYS PRICE-TAKING FOR CHARTERING ATLANTA DEFINITIVE FPSO

May 14, 2020

The crisis in the oil industry forced Enauta to change its plans for the Atlanta field, in the Santos basin. The company announced that it has decided to postpone the taking of prices for chartering the definitive FPSO for the field. In addition, the oil company will also reevaluate the design of the asset project, “to make it more resilient in more adverse commodity scenarios for longer periods”.

With the postponement of the FPSO to Atlanta, Enauta also announced that it postponed the decision to drill a fourth well in the field, which was scheduled for 2021. The measures were announced in the company’s quarterly balance sheet, which reported a net profit of R $ 76, 8 million between January and March, down 24.8% compared to the previous quarter.

In a conference call with analysts, the president of Enauta, Lincoln Guardado, also affirmed that the company started a negotiation with suppliers to reduce operating costs in the Atlanta production system. The field currently produces about 30,000 barrels.

The other asset of the group, the Manati field, has been suspended since February. Last month, Enauta was notified by Petrobrás that the current pandemic of COVID-19 configured, in the opinion of the state-owned company, a force majeure event, causing a decrease in the consumption of natural gas by the market and affecting its commitment to withdraw. “Enauta does not agree with the arguments presented and is analyzing the alternatives it has”, said the oil company.

Source: PetroNoticias

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