The agreement with Trafigura PTE is just the beginning of the negotiations proposed by Brava Energia, considering the high production of the Atlanta field.
Brava Energia, the company leading operations in the Atlanta field, recently announced the sale of 6 million barrels of oil for Trafigura PTE, a giant in the supply of commodities.
The agreement was made through a flexible contract, which brings advantageous conditions for both parties. In addition, it marks an important advance for oil production in Brazil, with a focus on access to specific markets.
Details of the agreement between Brava Energia and Trafigura PTE
The agreement between the two companies involves the sale of oil with flexible conditions, as previously stated.
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This allows for a strategic combination of cargoes and access to exclusive markets for the type of oil produced in the Atlanta field.
In addition, the negotiation includes a competitive financing line, demonstrating the companies' commitment to the success of the operation.
Trafigura PTE, a specialist in the acquisition and trading of commodities, operates in the oil and derivatives sector, acquiring supplies from global producers and refineries.
With offices in Brazil, Minas Gerais and Rio de Janeiro, the company has been one of the main players in the international refined oil and fuels market.
Production capacity in the Atlanta field
Brava Energia, in turn, has made significant progress in operating the Atlanta field.
The definitive production system, with the FPSO Atlanta unit, has an impressive capacity: it can produce up to 50 thousand barrels of oil per day, treat up to 140 thousand barrels of water per day and store up to 1,6 million barrels of oil.
This capacity increase is part of the first phase of the definitive system, which should be fully operational by mid-2025, with the connection of six wells to the FPSO.
This phase marks the replacement of the FPSO Petrojarl I, which had been operating with three wells in the early production system.
The expansion of production capacity brings operational gains, in addition to opening up new possibilities for Brave Energy and its partners, such as Trafigura.
Pricing and market expectations
The pricing of oil sold will be linked to international market reference prices. Low-sulfur bunker stands out, as it is considered a growing trend among global consumers.
This benchmark is an important indicator, as the demand for low-sulfur bunker is increasing due to its low pollutant emissions. Therefore, it attracts markets that are more demanding in environmental terms.