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Enauta foresees investments in oil exploration and production of US$40 million in 2021 and US$105 million in 2022
The CEO of Enauta, Décio Oddone, said yesterday (1/04), that the Brazilian oil company plans, together with its partners Exxon and Murphy Oil, to drill the first oil well in the Sergipe-Alagoas Basin in the second half of this year . Stay in, Petrobras takes damage with Modec's FPSO's and prohibits the oil giant from participating in its bids
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Brazilian oil company Enauta holds a 30% stake in nine blocks in Sergipe-Alagoas, while operator Exxon has 50% and Murphy Oil the remaining 20%.
“These are highly prospective assets, close to relevant discoveries already made in the region. The environmental licensing has already been filed by the operator”, said Oddone, while participating in a webcast with analysts and market investors about the results in the fourth quarter.
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According to Enauta's financial statement, the oil wells are located in a region “with high exploratory potential and close to discoveries of around 1,2 billion barrels”. The first exploratory well to be drilled in the region will be in the Cutthroat prospect, located in block SEAL–M-428.
Enauta's fourth-quarter revenue dropped by 53,8% compared to a year earlier, to R$186,9 million, mainly due to the reduction in production at the Atlanta field and also due to the impact of the exchange rate impact of the lease agreements in foreign currency.
Enauta foresees investments in exploration, development and production of US$40 million in 2021 and US$105 million in 2022, with the possibility of varying 20% up or down.
Enauta wants to buy oil and gas assets in production
According to Oddone, Enauta is attentive to opportunities to purchase oil and gas assets under production that add value and contribute to the diversification of the company's portfolio, which may be in shallow and deep waters, as well as on land.
“We need to recompose the portfolio of assets in production and the moment is favorable for that. We have never had such an active 'M&A' market for assets under production in Brazil”, he said, without mentioning the names of assets that are for sale or companies that are negotiating.
The executive's comments come at a time when Petrobras has put several oil exploration and production fields up for sale, as it seeks to focus on pre-salt exploration and production.
In addition, Enauta will begin the search for a partner for the Atlanta field, in the Santos Basin, for which a tender was recently launched to hire the production unit
