Due to a Pumping System Failure, Enauta Suspends Production at Two Wells in the Atlanta Field, Santos Basin

Written by Roberta Souza

Published on 06/07/2021 at 17:03

Updated on 06/07/2021 at 17:18

Embarcação no campo de Atlanta/ Fonte: epbr

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Enauta Disclosed That the Pause in the Production of the Wells in the Atlanta Field, Located in the Santos Basin, Was Due to a Failure in the Pumping System

Last night (07/05), the oil company Enauta informed the market in a statement that it has suspended production in two of the three wells in the Atlanta Field, located in the Santos Basin, while a failure in the pumping system of both was also discovered. See also: Enauta Signs Million-Dollar Contracts for the Concession of Onshore Oil and Gas Blocks Acquired in December

The Interruption of Production in the Atlanta Field

In a relevant fact published, Enauta announces that one of the wells in the Atlanta Field is expected to resume production in the second half of this month, and the second is expected to return in August. The oil company also states in the announcement that, for now, no material change is expected in the production interval previously disclosed by Enauta.

In the statement, the company also mentioned that in June, the Atlanta Field reached its highest production volume of the year, at 17,300 barrels of oil per day. Production in the second quarter of the year was 16,700 barrels of oil equivalent per day, an increase of 42.7% compared to the previous quarter. The average daily production accumulated in 2021 reached 14,100 barrels of oil equivalent.

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See Also: With ANP Approval, Enauta Takes Over Full Operation in the Atlanta Field and Plans to Double Oil Production Capacity

Enauta recently informed that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the establishment of guarantees for the company to take over 100% of the Atlanta Field, located in the Santos Basin. This operation aims to double the company’s oil production.

According to Enauta, the ANP approved the corporate modality as a financial guarantee instrument for the decommissioning of the asset. In the coming days, the signing of the amendment to the concession contract will occur so that 50% of the exploration rights of the oil field can be transferred to the company. Décio Oddone, Enauta’s CEO, states that with the definitive transfer of the Atlanta Field, they will take another important step to increase the company’s cash generation. The CEO also emphasized that soon they will have all three oil wells in production, which will meet the demand for Atlanta’s oil in a favorable price environment.

As disclosed in a relevant fact on December 21, 2020, the agreement signed with Barra Energia do Brasil Petróleo e Gás provides for a transfer of US$ 43.9 million to Enauta Energia, related to the future abandonment operations of three wells and the decommissioning of the existing facilities in the Atlanta Field. The receipt of this amount will occur after the signing of the amendment to the Concession Contract.

With this, Enauta — which already holds half of the field’s production — will begin to recognize all of the results from the Atlanta Field and report total pumping of around 18,000 barrels of oil per day, a record volume for the company (added the company in a relevant fact). For 2021, the projected average production for the field remains at 14,000 barrels of oil per day, with a positive or negative variation margin of 10%.

Due to a Pumping System Failure, Enauta Suspends Production at Two Wells in the Atlanta Field, Santos Basin

Enauta Disclosed That the Pause in the Production of the Wells in the Atlanta Field, Located in the Santos Basin, Was Due to a Failure in the Pumping System

The Interruption of Production in the Atlanta Field

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

See Also: With ANP Approval, Enauta Takes Over Full Operation in the Atlanta Field and Plans to Double Oil Production Capacity

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Due to a Pumping System Failure, Enauta Suspends Production at Two Wells in the Atlanta Field, Santos Basin

Enauta Disclosed That the Pause in the Production of the Wells in the Atlanta Field, Located in the Santos Basin, Was Due to a Failure in the Pumping System

The Interruption of Production in the Atlanta Field

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

See Also: With ANP Approval, Enauta Takes Over Full Operation in the Atlanta Field and Plans to Double Oil Production Capacity

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Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

Seen from space, a colossal volcano nearly 5,000 meters high in Russia has released 1,600 km of smoke over the Pacific, forming “devil’s horns” of lava and revealing the brutal force of the Ring of Fire.

Heineken’s factory in Brazil produces 300 million beer cans in just 4 months, reaches 1 million hectoliters, received R$ 2.5 billion, and is already projecting an annual capacity of 5 million with sustainable technology.

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