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With a Daily Average of 13,000 Barrels in Two Oil Wells, Enauta Prepares to Resume Production in the Third Well in Early 2021
The Brazilian oil company Enauta reached the milestone of 20 million barrels (bbl) produced in the Atlanta Field, in the Santos Basin, where the company operates with a 100% stake. The consolidated production for the year as of Thursday, December 16, is approximately 3.8 million barrels. This milestone was achieved in less than four years of operation in the area.
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Currently, the average daily production, with two producing wells, is 13,000 barrels and the company is working to increase production. The forecast is that the third well will resume production by March 2022.
Recently, the first phase of the FPSO water treatment capacity expansion project was completed, which frees up the process plant for increased oil production.
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Enauta Plans to Drill Another Well in the Fourth Quarter of 2022
Additionally, the drilling of another well in the Early Production System (EPS) is scheduled to begin in the fourth quarter of 2022. The new well, expected to start production in early 2023, will allow a significant increase in production and add a surplus to the pumping system of the wells. The estimated cost of the well is US$ 75 million, with US$ 60 million for drilling and completion and the remainder for interconnection.
“We remain focused on production and optimizing operational costs, especially logistic costs. The offshore engineering used in Block BS-4 is based on the most advanced concepts available in the market”, stated Carlos Mastrangelo, Director of Operations at Enauta.
The company’s operational efficiency in the Atlanta Field in November was 99.32% on the FPSO Petrojarl I, maintaining the excellence of the previous month’s record. The location was the second farm-in agreement for the company following its IPO in 2011, when the company announced the acquisition of the stake and the operation in the block, with investments of US$ 157.5 million.
According to the latest certification from Gaffney, Cline & Associates, the Atlanta Field has 2P Reserves of 103 MM bbl of heavy oil, with a 14° API and low sulfur content, less polluting and in line with the IMO 2020 marine fuel regulation.
About the Company – Enauta is an independent Brazilian company in the oil and gas exploration and production sector, with over 20 years of operation in the country. We are recognized for our determination and ability to seize opportunities in the sector. Always with competence, responsibility, and safety, our goal is to build the most diversified portfolio with the greatest potential for value generation among independent oil and natural gas companies operating in Brazil.
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