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Oil Companies Exxon, Enauta, and Murphy Will Drill the First Oil Well in the Sergipe-Alagoas Basin Next Semester

Escrito por Flavia Marinho
Publicado em 02/04/2021 às 12:02
ExxonMobil - Enauta - Murphy Oil - petróleo - Sergipe - vagas de emprego
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Enauta Forecasts Investments in Oil Exploration and Production of US$ 40 Million in 2021 and US$ 105 Million for 2022

The CEO of Enauta, Décio Oddone, stated yesterday (04/01), that the Brazilian oil company forecasts, along with its partners Exxon and Murphy Oil, the drilling of the first oil well in the Sergipe-Alagoas Basin in the second half of this year. Stay informed, Petrobras incurs losses with Modec’s FPSOs and prevents the giant oil company from participating in its tenders

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The Brazilian oil company Enauta holds a 30% stake in nine blocks in Sergipe-Alagoas, while operator Exxon has 50% and Murphy Oil holds the remaining 20%.

“These are high-prospective assets, located near significant discoveries already made in the region. The environmental licensing has already been filed by the operator,” said Oddone, during a webcast with market analysts and investors about the fourth-quarter results.

According to Enauta’s financial statement, the oil wells are located in an area “with high exploratory potential and near discoveries totaling 1.2 billion barrels.” The first exploratory well to be drilled in the region will be at the Cutthroat prospect, located in block SEAL–M-428.

Enauta’s fourth-quarter revenue dropped by 53.8% compared to a year earlier, to 186.9 million reais, primarily due to reduced production from the Atlanta field and also affected by the exchange rate impact of foreign currency leasing contracts.

Enauta forecasts investments in exploration, development, and production of US$ 40 million in 2021 and US$ 105 million for 2022, which could vary by 20% up or down.

Enauta Wants to Acquire Oil and Gas Production Assets

According to Oddone, Enauta is looking for opportunities to acquire oil and gas production assets that add value and contribute to the company’s portfolio diversification, which may include both shallow and deep-water assets as well as onshore.

“We need to replenish the portfolio of production assets, and the timing is favorable for that. We have never had such an active asset M&A market in Brazil,” he stated, without mentioning any specific assets for sale or companies negotiating.

The executive’s comments come at a time when Petrobras has put several oil exploration and production fields up for sale while seeking to focus on pre-salt exploration and production.

Furthermore, Enauta will begin looking for a partner for the Atlanta field in the Santos Basin, for which a bidding process has recently been initiated for the hiring of the production unit.

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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