Enauta Has Not Decided What to Do with Its Stake in the Atlanta Oil Field, Abandoned by Its Partner Barra Energia

Written by Flavia Marinho

Published on 01/12/2020 at 13:50

Enauta é uma das principais empresas de controle privado do setor de exploração e produção de petróleo e gás no Brasil.

Be the first to react!

Enauta Is One of the Main Private Control Companies in the Oil and Gas Exploration and Production Sector in Brazil.

The Brazilian oil company Enauta reported yesterday (30/11), in a relevant fact, that it is still studying what to do with its half in the oil exploration block (Block BS-4), located in the Atlanta field, in the Santos Basin, abandoned by its partner Barra Energia announced at the beginning of last month. Energy Plataform Seeks Partnership to Build Natural Gas Hub in Rio de Janeiro and Espírito Santo

Read Also

The oil company explained in the statement that, by mutual agreement, it continues negotiations with Barra Energia in search of the best commercial solution for both companies.

Enauta had until November 28 to decide whether to join the withdrawal from the block or take over the other half left by the partner in the Atlanta field.

ARTICLE CONTINUES BELOW

See also

“In this regard, considering that the initially informed deadline of November 28, 2020 has expired, this Relevant Fact serves to inform that Barra Energia and the company, by mutual agreement, continue negotiations in search of the best commercial solution for both,” emphasized Enauta in the statement.

Recently, the oil company halted production in the Atlanta oil field due to equipment damage. According to company information, corrosion was found in oil heaters, which could compromise their operation due to this situation.

Enauta Reported Net Income of R$ 39.4 Million in the Third Quarter of This Year

Enauta reported net income of R$ 39.4 million in the third quarter, a 6% decrease compared to R$ 41.9 million in the same period of 2019.

The company’s net revenue was R$ 224.5 million in the third quarter, 29% below R$ 316.2 million in the third quarter of last year. The company justified the drop due to lower production from the Atlanta and Manati fields, a fact partially offset by the result of R$ 13.1 million from hedge exercises in the quarter.

Enauta Participações S/A is an oil exploration company, formerly QGEP Participações S/A. The company has a market value of R$ 2.53 billion. Check the full analysis of the company with exclusive information.

Enauta Has Not Decided What to Do with Its Stake in the Atlanta Oil Field, Abandoned by Its Partner Barra Energia

Enauta Is One of the Main Private Control Companies in the Oil and Gas Exploration and Production Sector in Brazil.

Read Also

Enauta Reported Net Income of R$ 39.4 Million in the Third Quarter of This Year

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Japanese garbage collectors treat filthy trucks as if they were dealership cars, and the obsession with cleanliness is so absurd that they invented a washing machine that only exists for this type of vehicle.

Germany took 1,468 days to drill 9,101 meters of the Earth’s crust, faced temperatures of 265 degrees, crossed faults saturated by fluids under pressure, and revealed that the continental crust remains active, stressed, and permeable far beyond the limits that science considered possible.

In 1991, Brazil’s GDP was almost double India’s, and today it is little more than half: while India grew 6.5% per year and trained engineers, Brazil preferred to train lawyers, and now it is rushing to strengthen ties with the world’s fourth-largest economy.

The Brazilian city of the crooked buildings, which is being “swallowed” by the sea, receives more than R$ 20 million after a R$ 276.6 million package for 214 cities, with transfers of R$ 2.5 million per tourist resort.

Newly hardened volcanic lava looked like a lifeless desert, but microbes arrived almost immediately and revealed a powerful clue about how to search for life outside Earth.

A Japanese company invests US$ 100 million in RS to develop Brazil’s first floating wind farm, boosting jobs, technological innovation, and placing the state at the center of the global energy transition.

Diving robot descends 2.4 kilometers to the seabed, maps French shipwreck with 86,000 images, and also recovers ancient artifacts that were hidden for centuries

Robots were placed in the depths of the ocean and discovered why Antarctica’s ice is melting non-stop.

Enauta Has Not Decided What to Do with Its Stake in the Atlanta Oil Field, Abandoned by Its Partner Barra Energia

Enauta Is One of the Main Private Control Companies in the Oil and Gas Exploration and Production Sector in Brazil.

Read Also

Enauta Reported Net Income of R$ 39.4 Million in the Third Quarter of This Year

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Japanese garbage collectors treat filthy trucks as if they were dealership cars, and the obsession with cleanliness is so absurd that they invented a washing machine that only exists for this type of vehicle.

Germany took 1,468 days to drill 9,101 meters of the Earth’s crust, faced temperatures of 265 degrees, crossed faults saturated by fluids under pressure, and revealed that the continental crust remains active, stressed, and permeable far beyond the limits that science considered possible.

In 1991, Brazil’s GDP was almost double India’s, and today it is little more than half: while India grew 6.5% per year and trained engineers, Brazil preferred to train lawyers, and now it is rushing to strengthen ties with the world’s fourth-largest economy.

The Brazilian city of the crooked buildings, which is being “swallowed” by the sea, receives more than R$ 20 million after a R$ 276.6 million package for 214 cities, with transfers of R$ 2.5 million per tourist resort.

Oil surges in the international market amid growing tension in the Middle East, surpassing US$ 110 per barrel and rekindling global fear over inflation, expensive energy, and direct impact on the world economy.

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

No one needs to cross Guanabara Bay by speedboat anymore to deliver documents to ships — Wilson Sons uses drones that cover 8 km in 9 minutes.

“No more Mr. Nice Guy,” says Donald Trump as he pressures Iran for an immediate deal, amid prolonged war, global tensions, and direct impact on the international oil market.

Petrobrás expands presence in the Campos Basin by purchasing 100% of the strategic area in the Argonauta field and strengthens its control over pre-salt reserves.

Newly hardened volcanic lava looked like a lifeless desert, but microbes arrived almost immediately and revealed a powerful clue about how to search for life outside Earth.

A Japanese company invests US$ 100 million in RS to develop Brazil’s first floating wind farm, boosting jobs, technological innovation, and placing the state at the center of the global energy transition.

Diving robot descends 2.4 kilometers to the seabed, maps French shipwreck with 86,000 images, and also recovers ancient artifacts that were hidden for centuries

Robots were placed in the depths of the ocean and discovered why Antarctica’s ice is melting non-stop.