Enauta Will Drill Three New Wells in the Atlanta Field to Expand Oil Production in the Santos Basin

The Drilling of the First Oil Well in the Atlanta Field Will Be Carried Out Still During the Fourth Quarter of This Year. Enauta Plans to Take Advantage of the New Wells in the Santos Basin to Expand Its Production Capacity of Fuel in the National Territory.

Investments in exploration campaigns seeking new fuel reserves in Brazil continue at full steam. The company Enauta is initiating the drilling of three new wells in the Atlanta Field region, in the Santos Basin. The rig responsible for the works of the first oil well will be the Alpha Star, from Constellation, and the company expects to complete the operation within a timeframe of seven months.

First Drilling of the New Wells in the Atlanta Field Will Happen Still in 2022, Confirms Oil Company Enauta

Enauta has been increasingly investing in new ventures and growth initiatives in the national market. 

Now, the company is preparing for a new exploration campaign in the Atlanta Field region, located in the Santos Basin. 

The main focus of the initiative is the drilling of new wells for the exploration of oil and natural gas. To this end, the company will carry out the works in three new structures, already with plans to expand numbers in the future.

The activity will be conducted using the sixth-generation semisubmersible rig Alpha Star from Constellation, which will operate in water depths of 1,550 meters.

Additionally, Enauta confirmed that, with the use of Constellation’s rig, all well drillings should be completed within seven months after the beginning of the works. 

The first well to go through the drilling process is already scheduled to have works started in the fourth quarter of this year. 

It will be responsible for replacing one of the three wells currently connected to the FPSO Petrojarl I (Early Production System) starting in early 2023.

With this new structure, the company expects that production from the Atlanta Field will reach more than 20,000 barrels of oil per day.

Furthermore, the company also expects an additional redundancy to the well pumping system and greater operational flexibility for the production system.

Company Plans to Invest US$ 75 Million in the Drilling of the First Well of the Exploration Project in the Atlanta Field

The company Enauta intends to make strong investments in its exploration and drilling campaign for new wells in the Atlanta Field. 

In a statement, it confirmed: “The estimated value of the well and its interconnection to the production system is US$ 75 million, of which US$ 60 million is for drilling and completion, and the remainder for interconnection.”

“The additional well will generate not only an increase in production starting in early 2023 but will also bring greater stability to the Atlanta operation,” the company concluded. 

After the drilling of the first well, the company will move on to the next two, which will be interconnected to the new FPSO Atlanta (Permanent System).

The expected operation start date is mid-2024, allowing for production of up to 50,000 barrels of oil per day for the FPSO Atlanta.

Finally, it expects to expand these numbers in the Atlanta Field and drill four new structures after the completion of these three.

Learn More About the Company Enauta

Enauta Participações SA is a company based in Brazil and is primarily dedicated to the oil and gas sector. The company operates through a single segment: exploration and production of oil and gas, focusing on the exploration, production, industrial processing, and commercialization of crude oil, natural gas, and their derivatives.