(epbr) Enauta announced today that it has approved investments of US$ 1.2 billion in the final production system project in the Atlanta field, in deep waters of the Santos Basin. The resources already include US$ 100 million that need to be contributed after the start of production and US$ 500 million referring to the production unit.
The investment may be reduced by US$ 100 million if Yinson exercises the option to purchase the FPSO OSX-2, acquired by Enauta and which will be responsible for production as of 2024. The unit will have the capacity to produce 50,000 bpd of oil and 140 thousand bpd of water.
In December, Enauta announced that it had signed a letter of intent with Yinson Holdings Berhad for detailed engineering and long lead item commitments for the FPSO.
The agreement provides for the adaptation of the FPSO through a turnkey Engineering, Procurement, Construction and Installation (EPCI) contract, with warranty, operation and maintenance for 24 months.
Investment for drilling subsea wells and equipment remains estimated at between US$500 million and US$700 million. The new contracts will be announced in the coming days, according to Enauta.
Brazil Energy Insight 
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