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Home Eneva, the largest private natural gas operator in Brazil, discovers a field with great potential in the Parnaíba Basin

Eneva, the largest private natural gas operator in Brazil, discovers a field with great potential in the Parnaíba Basin

27 February 2021 to 11: 40
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The gas field has an estimated volume of 6,78 billion cubic meters, this is Eneva's tenth commercial declaration in the Parnaíba Basin

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

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Eneva estimates that the average volume will initially be 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 the start of activities in 2009. In just over a year, with the acquisition of the area in the Permanent Offer in 2019, we started the Discovery Assessment and now we declare Commerciality, which highlights the technical capacity of the Eneva team”.

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

The National Oil and Natural Gas Agency (ANP) has already been informed by Eneva about the commerciality of the field and has also asked the agency for approval to name the gas accumulation Campo de Gavião Belo. 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 private integrated power generation company in Brazil, operating in generation and E&P, with access to onshore gas (onshore). The company has E&P assets in the states of Amazonas and Maranhão. It currently operates 10 natural gas fields in the Parnaíba (MA) and Amazonas (AM) Basins. Additionally, it has a total concession area of ​​more than 60 km² in these regions.

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 the states of Maranhão (Parnaíba and Itaqui Complex), Ceará (Pecém II) and Roraima (Jaguatirica II). A pioneer by nature, Eneva has developed an unprecedented business model in Brazil: the Reservoir-to-Wire (R2W), which consists of thermal generation integrated into natural gas producing fields. With this, the company plays an important role in the transition of the Brazilian energy matrix, offering solutions based on a flexible, cleaner, more economical and efficient fuel.

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

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