The company estimates to disburse resources in exploration, development and production in the order of U$ 40 million in 2021 and U$ 105 million for 2022. The projection has a variation margin of 20% negative or positive.
Of the total set aside for this year, US$ 19 million will go to the Atlanta field, including investments in drilling a fourth well in the area. Another portion of U$ 18 million will be used in exploratory activities, of which U$ 15 million will be used in nine blocks in the Sergipe-Alagoas Basin. The company expects to start drilling a well in this region in the second half of this year.
“The blocks located in the Sergipe-Alagoas Basin are highly prospective assets. The main oil system in this region is similar to that of other discoveries made in French Guiana and on the West African coast ”, detailed the oil company. Enauta owns a 30% stake in these assets, in partnership with ExxonMobil (operator with 50%) and Murphy Brasil (20%).
Regarding the resources for 2022, Enauta should set aside U$ 96 million for initial investments in subsea systems and drilling new wells in the Atlanta Definitive System. As reported, the company initiated the bidding process for the contracting of the definitive platform vessel for the field.
The company also disclosed its consolidated financial data for 2020. Enauta ended the period with a net profit of R$ 124 million, 32.6% less than in 2019. In the fourth quarter of last year, the company reported a profit of R$ 38.2 million.
The Atlanta field, Enauta’s main asset, ended 2020 with a total production of 6.2 million barrels of oil, down 9.2% compared to 2019. The result was influenced by operational problems in the heating oil system and separation and treatment of water produced from FPSO Petrojarl I.
The oil company hopes to gradually resume production in Atlanta this year. “Well 7-ATL-4HB-RJS was restarted on February 19, initially reaching production of 10.4 kbbl / day. The second well is expected to return in April, with initial production expected to be around 10,000 barrels of oil per day, and the third well is expected to return in the second quarter of 2021. The projection of average daily production for the Atlanta field for 2021 is 14 thousand bbl / day, with a 10% negative or positive variation margin ”, he explained.
Regarding the Manati field, where it has a 45% stake, Enauta said it expects to complete the sale of its portion of the assets by the end of this year. The field produced 871 million m³ of gas per day in 2020 – a 34% drop due to the effects of the pandemic and the suspension of production by the operator Petrobras in the first half of last year.