Enauta estimates production of Atlanta at 23,000 bpd in 2020 and 18,000 bpd in 2021

July 20, 2020

The oil company Enauta reported estimate average daily production from the Atlanta field at 23,000 barrels of oil for 2020, according to a press release.

For 2021, production in Atlanta, in the Santos Basin, should drop to 18,000 bpd, projected Enauta, emphasizing that the estimates have a negative or positive variation margin of 10%, considering the annual average.

The company also updated estimates related to the Campo de Manati (Camamu Basin), projecting financial compensation equivalent to the production of 2.3 million m3 per day for the year 2020, also with a variation margin of 10% upwards or downwards. low.

“This projection takes into account the performance recorded in the first half of 2020, as well as the gas sale contract in force in the field,” he said.

Enauta has projected to invest US$ 35 million in exploration, development and production in 2020 and US$ 75 million in 2021, with an estimate with a negative or positive variation margin of 20%.

At the same time, Enauta informed that on June 26, the favorable decision issued by the Federal Regional Court of the 2nd Region (TRF2) was final, in a lawsuit filed by its subsidiary Enauta Energia SA to question the constitutionality of the inclusion of ICMS in the calculation base of contributions to PIS and COFINS and to request the refund of amounts collected as of 2011.

“Although the issue of merit has been resolved, the decision of the Supreme Federal Court (STF) regarding the temporal modulation of the effects of a previous decision of merit judged in favor of taxpayers remains pending, which makes it impossible for the company to specify the amount of the tax. credit to be recovered, which can range from 62 million to 90 million reais, without considering the tax effects ”, he said.

The amount to be recognized will impact the results for the 2nd quarter of 2020, he added.

Source: Reuters

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