Enauta: Atlanta field 2P reserves grow 50%

2P reserves in the Atlanta field, in the Santos Basin, belonging to Enauta, went from 105.7 million barrels on December 31, 2021 to 155.7 million barrels on June 30, 2022. This is a 47% increase in 2P (Proved and Probable) reserves of the area. The new certification was carried out by the independent consultancy Gaffney, Cline & Associates (GCA). The field is 100% operated by Enauta.

In February, the company approved the implementation of the Definitive Atlanta System. The project will have investments of up to US$ 1.2 billion and will increase the field’s production capacity to up to 50,000 barrels of oil per day. “We have added significant volumes to 2P reserves. This increase more than confirms our enthusiasm for the potential of the Atlanta field. We will maintain our efforts to expand production, optimizing operating costs and generating value for the country and our shareholders”, said the company’s CEO, Décio Oddone.

In May, Enauta obtained from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) the approval of the new Development Plan and the contractual extension for another 11 years for the Atlanta field. As a result, the concession period was extended to 2044 and resources previously considered contingent were reclassified to 2P reserve. The new certification includes, in addition to the new term, the drilling of four more wells by the end of the decade, in addition to the six that will be producing when the FPSO Atlanta starts operating in 2024.

The company also released the full Manati Field Reserves Report, with a base date of December 31. The statement indicated that Enauta’s 2P reserves totaled around 12 million barrels of oil equivalent. Compared to the volume reported as of December 31, 2020, there was a 54% increase in the 2P reserve. This increase was mainly due to the feasibility of a new technical condition for the operation of the compressor station on land and the offshore platform, allowing for greater recovery of gas reserves. With the new certification of the Atlanta field, Enauta now holds 2P reserves of 166.2 million barrels of oil equivalent (boe), an increase of 48.5 million boe in reserves compared to December 31, 2021.

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