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Enauta Decides to Take Over 100% of Atlanta and Will Launch Tender for FPSO Chartering

Written by Flavia Marinho
Published on 22/12/2020 at 15:02
Updated on 22/12/2020 at 17:55
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Enauta Says It Will Seek Partners to Develop the Field and Start the Bidding Process for FPSO Charter Operations

The Brazilian oil company Enauta has opted to acquire an additional 50 percent stake in the offshore block of the Santos Basin from its partner Barra Energia after considering shutting down operations at the Atlanta Field due to its partner abandoning the asset in November. Looking for a job? 45 job openings! Odebrecht Construction opens a selection process in RJ, SP, MG, BA, PA, and PR for higher education students

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The company, formerly known as Quireoz Galvão, agreed to take full ownership of the operational stake in the BS-4 Block, offshore Brazil, where the producing Atlanta field is located.

The departure of Barra left Enauta to decide whether to take Barra’s interest in the block or proceed with the joint abandonment of the project, given that the initial production system – Petrojarl I FPSO – had ceased operations.

Enauta said yesterday (12/22) that it decided to acquire Barra’s stake. After obtaining approval from regulatory agencies, Barra Energia will pay $43.9 million to Enauta related to the abandonment operations of the three wells and decommissioning of the existing facilities in the field.

Only 1.25% of the Oil Produced

Décio Oddone, CEO of Enauta, stated: “Atlanta has 1.3 billion barrels of oil, of which only 1.25% have been produced so far. We made this decision because we believe it is possible to develop a more resilient project that can create value, despite a lower oil price scenario.”

Enauta said it will seek partners to develop the field and initiate the bidding process for FPSO charter operations, “a crucial step for project approval.”

Teekay Petrojarl I, the current FPSO of the field, spent nearly three decades working in the North Sea before moving to Brazil, where it began production at the Atlanta field in 2018.

In an update on November 11, Enauta said it expects an average daily production in the Atlanta Field of 20,000 barrels of oil per day for 2020 and 16,000 barrels of oil per day for 2021. It is unclear whether this projection still holds, given that, on November 19, Enauta announced the “preventive suspension” of production in the Atlanta Field after corrosion was found on some equipment that could impair functionality.

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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