Brava Energia to start well driling campaign in Papa-Terra and Atlanta Fields

March 30 – Brava Energia announced today that it has kicked off a campaign to drill four new wells, two in the Papa-Terra field, in the Campos Basin, and two in the Atlanta field, in the Santos Basin. The activities will be carried out with the Lone Star semi-submersible drilling rig, operated by Constellation, with completion scheduled for the first quarter of 2027.

The two wells in Papa-Terra are expected to be drilled between March and September of this year. Following this, the interconnection will be made, with first oil expected in the fourth quarter of 2026. In October, the rig will be moved to the Atlanta field, where two more wells will be drilled, with connection and start of production estimated for the second quarter of 2027.

“With the implementation of these new wells, we will advance in capturing value from our assets by increasing production, maximizing the efficiency of existing infrastructure and reducing the cost per barrel, which reinforces the resilience and competitiveness of our portfolio,” says Brava’s offshore operations director, Carlos Travassos.

The company has defined an investment plan for the integrated campaign, with 65% of the resources allocated to the Atlanta field and 35% to Papa-Terra. Suppliers involved include McDermott, SLB, Baker Hughes, OneSubsea and Prysmian.

The Papa-Terra field is a heavy oil asset located in block BC-20, approximately 110 km off the coast of Rio de Janeiro, in a water depth of approximately 1,200 meters. Operated by Brava, the field utilizes a TLWP-type platform and an FPSO, focusing on revitalizing production. The Atlanta field is situated in a water depth of approximately 1,500 meters and operated by the company, which holds an 80% stake, in partnership with Westlawn Americas Offshore (20%). Production is carried out via the FPSO Atlanta.

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