Eneva, Brazil's Largest Private Natural Gas Operator, Discovers Field With High Potential in the Parnaíba Basin

Eneva, Brazil’s Largest Private Natural Gas Operator, Discovers Field With High Potential in the Parnaíba Basin

Written by Flavia Marinho

Published on 27/02/2021 at 11:40

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The Gas Field Has An Estimated Volume Of 6.78 Billion Cubic Meters, This Is The Tenth Commercial Declaration By Eneva In The Parnaíba Basin

Eneva, the national leader in power generation and natural gas production and exploration, announced yesterday (02/26) the Commerciality Declaration of the Fortuna accumulation, a new discovery of significant potential made in Block PN-T-102A, in the Parnaíba Basin (MA). This discovery reinforces the company’s position as the largest private natural gas operator in Brazil.

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Eneva estimates that the average volume is initially 6.78 billion cubic meters of natural gas. This is the tenth field to be declared commercial by the company in the Parnaíba Basin (MA).

According to Lino Cançado, Director of Operations at Eneva, “This is an extremely important discovery with the potential to be the second largest field in the Parnaíba Basin since activities began in 2009. In just over a year, with the acquisition of the area in the Permanent Offering in 2019, we initiated the Discovery Evaluation and now declare Commerciality, which highlights the technical capacity of the Eneva team.”

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For the executive, “a discovery of this quality in the Cabeças Formation opens new perspectives for the seven other blocks of Eneva in the central-southern portion of the Basin.”

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) has already been informed by Eneva about the commerciality of the field and has also requested the agency’s approval to name the gas accumulation as Gavião Belo Field. The company has up to 180 days to present the Field Development Plan to the ANP.

About Eneva – National Leader In Power Generation And Natural Gas Production And Exploration

Eneva is the only integrated private power generation company in Brazil, operating in generation and E&P, with access to onshore gas. The company has E&P assets in the states of Amazonas and Maranhão. Currently, it operates 10 natural gas fields in the Parnaíba (MA) and Amazonas (AM) Basins. Additionally, it has a total concession area in these regions exceeding 60,000 km².

With a thermoelectric generation park with 2.8 GW of installed capacity, Eneva produces safe and competitive energy for the Brazilian electrical system. Its generation assets are located in Maranhão (Parnaíba and Itaqui Complex), Ceará (Pecém II), and Roraima (Jaguatirica II). Pioneer by nature, Eneva developed an unprecedented business model in Brazil: Reservoir-to-Wire (R2W), which consists of thermal generation integrated with natural gas production fields. Thus, the company plays an important role in the transition of the Brazilian energy matrix, offering solutions from a flexible, cleaner, more economical, and efficient fuel.

Listed in the Novo Mercado of B3 (Brazilian Stock Exchange) since 2007, the company is part of the Ibovespa, among other indices of the Exchange. Eneva aims to continue growing responsibly, providing cleaner, safer, stable, and accessible energy to society.

Eneva, Brazil’s Largest Private Natural Gas Operator, Discovers Field With High Potential in the Parnaíba Basin

The Gas Field Has An Estimated Volume Of 6.78 Billion Cubic Meters, This Is The Tenth Commercial Declaration By Eneva In The Parnaíba Basin

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The Gas Field Has An Estimated Volume Of 6.78 Billion Cubic Meters, This Is The Tenth Commercial Declaration By Eneva In The Parnaíba Basin

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