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Elysian Petroleum qualified by the ANP in the Permanent Offer Tender Notice and ready to begin operations in onshore exploration.
Elysian Petroleum's qualification journey was completed with the ANP, and the company is now able to begin its operations. With this, Elysian Petroleum is readily positioned to introduce a new phase in the country's oil market.
The next step for Elysian Petroleum involves onshore exploration, with full support from the ANP. It is worth highlighting that the mining oil company is preparing to expand its activities across the country, with a special focus on promising activities in the energy sector. Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda. will be the company's operational arm in this important advance.
Elysian Petroleum Starts New Cycle in the Oil Sector
After being duly qualified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) as Operator 'C' in the Tender Notice of the 4th Cycle of Permanent Offer, the mining company, Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., also known as Elysian Petroleum, signed the concession contracts for the extraction of energetic resources in Brazil.
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With the signature duly published in the Official Gazette (https://www.in.gov.br/web/dou/-/extratos-de-contratos-572483062), the company completes the last stage of the process, being ready to start its operations as the newest member of the sector oil tanker in the country.
The Innovative Trajectory of Petroleira Mineira
Experiencing the first year of its trajectory intensely, Elysian Petroleum celebrates another great victory by proving its financial conditions and techniques for operating in the segment. The company, founded in 2023 by Minas Gerais businessman Ernani Machado, acquired, in December last year, 122 land blocks distributed in the Potiguar, Sergipe-Alagoas and Espírito Santo basins.
For Ernani Machado, businessman also at the head of JMM Tech, despite being 'a new player', Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda. stands out for an already consolidated level of trust and strict compliance with ANP regulations.
Investments and Guarantees at Elysian Petroleum
Before signing the contracts, in May 2024, the payment guarantees and payments of R$6,222 million related to the bonus necessary to formalize the operations were made. Machado highlights: 'We have proven that we are a new and reliable company, which will operate with a sustainable model and technological, seeking to be as less aggressive as possible to the environment. We will use innovative technologies to reduce costs and optimize work execution'.
To support the development of these technologies, Elysian Petroleum is preparing the launch, in the coming weeks, of a research Center focused on oil and gas, located in Belo Horizonte, MG.
Commitment to sustainable research and development
With plans to invest R$400 million in onshore oil exploration in Brazil, Elysian Petroleum plans to carry out on-site surveys of the acquired blocks in the second half of 2024. Depending on the success of these initial analyses, the company expects to begin exploration in selected areas later this year.
For 2025, Ernani Machado has clear goals: ensuring that operations are in full swing with the aim of achieving a daily production minimum of 5 thousand barrels over the years. The concession contracts signed have a duration of 27 years, but there is the possibility of extension.
Source: Rachel Wardi | Communication Interface
