Brava Energia – Start of the FPSO Atlanta production

BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, in sequence of the Material Fact disclosed on December 30, 2024 regarding the authorization of the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) for the start of operations of the FPSO Atlanta (Definitive System), informs its investors and the market in general that the first oil was produced today through the Atlanta Definitive Production System. With this milestone, BRAVA becomes the first independent oil and gas company in the country to develop a deepwater production system from its initial phase, within the expected budget and the deadlines established for drilling the wells, installing the initial equipment and construction of the FPSO.

Production at FPSO Atlanta began through wells 6H and 7H, which are currently stabilizing, while the Company continues with the connection campaign for the four remaining wells (2H, 3H, 4H and 5H), expected to be completed by the second quarter of 2025. The FPSO Atlanta has the capacity to produce up to 50 thousand barrels of oil per day, treat 140 thousand barrels of water per day and store up to 1.6 million barrels of oil. Production details will be updated in the Company’s monthly Production Release.

Finally, Brava reinforces its commitment to keep its investors and the market in general properly informed, in line with best corporate governance practices and in strict compliance with current legislation.

Leave a comment

Blog at WordPress.com.

Up ↑