ENAUTA TAKES THE TOTALITY OF THE ATLANTA FIELD AND WILL LAUNCH TENDER TO CONTRACT A NEW FPSO

The oil company announced to its shareholders this morning that it will assume the entire stake in the Atlanta Field, in the BS-4 block of the Santos Basin. Looking to the future, the company is now preparing to start a bidding process to contract the definitive FPSO for the field – which today has an Early Production System (SPA) with FPSO Petrojarl 1. The company also said it will look for new partners to develop the field.

“Atlanta has 1.3 billion barrels of oil in situ, of which only 1.25% has been produced so far. We made this decision because we identified that it is possible to develop a more resilient project, capable of generating value even in a scenario of lower oil prices ”, explained Enauta’s CEO, Décio Oddone.

To remind, Barra Energia, which until then was a partner of Enauta in Atlanta, announced in November that it would exit the project. Enauta, in turn, spent a little over a month internally evaluating whether it would take over the field alone or whether it would also abandon the project.

With the decision to take over Barra Energia’s share, Enauta now depends on the approval of the operation by the National Petroleum Agency (ANP) and by the Administrative Council for Economic Defense (CADE). After the endorsement of the ANP, Barra Energia will transfer US$ 43.9 million to Enauta, referring to the abandonment operations of the three wells and the decommissioning of the existing facilities in the field.

Source: PetroNoticias