Enauta Will Perform Modification Works on FPSO OSX-2, Ship in Acquisition Process with OGX, Eike Batista’s Oil Company

The FPSO OSX-2 Was Built by SBM in 2013 and Is Stationary in Asia After Corruption Issues Involving Former Billionaire Eike Batista

Enauta has initiated the bidding process for modifications to a floating production storage and offloading unit (FPSO) for the Atlanta oil field in the Santos Basin. The information is that the unit is the FPSO OSX-2, which was built by SBM Offshore and delivered to OGX — Eike Batista’s oil company — in September 2013.

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The FPSO OSX-2 was built by SBM in 2013 and is stationary in Asia after corruption issues involving former billionaire Eike Batista.

In addition to modifications to the turret, the platform will also need adaptations to operate in deeper water, greater than one thousand meters. The definitive FPSO contract for Atlanta will have a charter period of 15 years, but it can be extended depending on production results.

Bidding Process for the FPSO and Return to Production from Enauta in the Atlanta Field

The bidding process by Enauta includes an exclusive 12-month contract with a purchase option for the winner. 

The FPSO, which has a capacity to produce 100,000 barrels of oil per day, would produce at the Tubarão Tigre, Tubarão Gato, and Tubarão Areia fields in the Campos Basin, operated by OGX — the oil company of former billionaire Eike Batista. It never went into operation and is currently owned by the company’s creditors.

The unit will connect 6 to 8 producing wells, of which 3 are already in operation in the Early Production System (SPA). According to information, the platform will need to be adapted for 50,000 barrels/day, as it will operate with a heavier oil of 14° API.

“We are starting this bidding process confident in the resilience of our project. The SPA provided important information to reduce uncertainties in the implementation of the definitive system, which will be developed only with already mastered technologies,” says Enauta’s Production Director, Carlos Mastrangelo.

Enauta announced on February 22 that it resumed production in the Atlanta Field, which had been suspended since January 27 for equipment repairs. The resumption occurred after the company successfully replaced the tubes of one of the heaters in well 7-ATL-4HB-RJS.

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