The agreement provides for the adaptation of the FPSO through a turnkey Engineering, Procurement, Construction and Installation (EPCI) contract, with a guarantee and operation and maintenance for 24 months.
Enauta recently signed a memorandum of understanding with Yinson Holdings Berhad for detailed engineering and commitment of long lead items for FPSO OSX2. The company has an exclusive acquisition option for the unit, which should form part of the final system for the Atlanta field, in the post-salt Santos Basin. The company has a 100% stake in the area. The agreement with Yinson foresees the adaptation of the FPSO through an EPCI turnkey contract, with maintenance and operation guarantee for two years. The total value of the investment will be US$ 500 million.
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Total cost could rise to $2 billion
Prior to the start of production, Yinson will have an option to purchase the FPSO. If you exercise it, charter, maintenance and operation contracts will come into force for a period of 15 years, with the possibility of extending the term for another 5 years, reaching a total value of US$ 2 billion for the 20 years.
The conditions of the agreement are subject to the signature of definitive contracts, which should occur with the approval of the project, scheduled for the first quarter of next year.
Enauta signs another deal with Yinson in August
About four months ago, the company signed a memorandum of understanding, also with Yinson, for the direct and exclusive negotiation of the charter agreements and activities of the FPSO that will comprise the Atlanta field, in the Santos Basin post-salt area.
The bidding process to choose the main equipment suppliers is still being organized, as planned. In addition to the FPSO, investment in equipment and subsea well drilling is projected to be between US$500 and US$700 million. Located in the Santos Basin post-salt, the Atlanta field is managed and operated by the company's wholly-owned subsidiary, Enauta Energia SA, with a 100% stake.
Enauta posts net income of R$134 million
According to the company's Director of Operations, Carlos Mastrangelo, in a joint agreement with Yinson, Enauta guarantees that viable technologies will be installed to reduce carbon emissions.
According to the director, the adaptation of the FPSO, which could be part of the Atlanta field, in the Santos Basin post-salt, will be a pioneering project in terms of avoided emissions, which will optimize its environmental and operational efficiency.
Enauta's result for the third quarter of this year, which was released on the 10th of the last month, showed a net profit of R$ 134 million, which is equivalent to an increase of 351,7% compared to the same period of 2020. The company's Ebtida reached the mark of R$ 438,8 million in the third quarter of this year, showing a growth of 182,3% compared to the same period of 2020.
Oil records loss in the week and Brazilian market raises US$2 billion in pre-salt oil and gas auction
Oil prices fell on Friday (17/12) and also retreated in the week, with the advancement of cases of the Ômicron variant increasing fears that new restrictions will reach fuel demand.
The consortium formed by Total, Malaia Petronas, Qatari QP and Petrobras received the Sépia block, while the consortium comprising Petrobras, Shell and Total obtained the Atapu block.
Sépia and Atapu, located in the Santos marine basin, along the coast of the states of São Paulo and Rio de Janeiro, already have proven reserves in the pre-salt layer, the coveted exploration horizon that Brazil has discovered in very deep waters of the Atlantic Ocean , beneath a layer of salt two kilometers thick.
According to the rules of the proposal, the criterion for obtaining the award of the blocks was granted to the highest offer of exploration rights of the surplus volumes, whose minimum was set at 5,89% of the surplus of the Atapu field and 15,02% of the Sépia field.
