Enauta Reports 52% Drop in Oil Production in July Due to Atlanta Field Maintenance

Written by Roberta Souza

Published on 24/08/2022 at 16:36

Foto: reprodução www.enauta.com.br

Seja o primeiro a reagir!

The Oil Company Enauta Reported Production of 8.6 Thousand Barrels of Oil Per Day in July, with a Decrease of 52% Compared to the Previous Month Due to Maintenance at the Atlanta Field

Enauta’s production in July totaled 8.6 thousand barrels of oil equivalent per day, according to a new report released this week on the 22nd by the oil company. The figure presented in the document is 52% lower compared to the numbers from the previous month, when 18.1 thousand barrels of oil equivalent per day were recorded. The company’s production result for the month of June was boosted by the scheduled shutdown of the Atlanta field, the company’s main asset.

“The Atlanta field underwent a scheduled shutdown to meet the regulatory requirements of the Ministry of Labor, as well as to prepare the FPSO for recertification by DNV (Det Norske Veritas). If recertification is obtained, it will be possible to extend the contract and continue production operations at the Atlanta Field until the Definitive Production System is implemented, expected in mid-2024,” Enauta said.

The production of oil at the Atlanta field was reactivated on August 17, through the FPSO Petrojarl I. According to Enauta, the current production from the Atlanta field is around 13 thousand barrels of oil per day, in the stabilization process.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

Enauta’s Profit Decreased by 55.9% in the Second Quarter of the Year

Enauta reported a net profit of R$ 280.6 million in the second quarter of 2022, a decrease of 55.9% compared to the same period in 2021.

However, the result shows recovery compared to the previous quarter, when the company recorded a loss of R$ 98.2 million. Enauta’s net revenue reached R$ 721.8 million between April and June, representing a growth of 106.6% compared to the same period in 2021.

The result was driven by the operation cash production due to the appreciation of oil and its derivatives in the external market during the quarter. Enauta’s production at the Atlanta field in the Santos Basin grew 56.5% in the second quarter compared to the same period in 2021.

Still This Year, Enauta Denied the Sale of the Atlanta Field and Seeks to Diversify Its Portfolio of Assets in the Oil and Natural Gas Sector

On 08/12, Enauta’s CEO, Décio Oddone, spoke about the company’s future in the oil and natural gas sector and stated that the company is now investing in acquiring new assets, mergers, and developing new projects to expand its market portfolio. Furthermore, he emphasized that rumors about the sale of the Atlanta Field in the Santos Basin are false and that this project does not exist.

A videoconference with analysts and investors from Enauta was held at the end of last week, initiating a discussion about the company’s future in the Brazilian oil and natural gas market with the company’s president.

Thus, the executive highlighted that the company’s main plan in the oil and gas sector currently is to expand assets and make the business portfolio even more diversified, aiming to increase its presence in the Brazilian market.

Therefore, the initiative to expand the company’s business portfolio will be conducted based on mergers in the oil and natural gas segment, acquiring new assets, and investing in projects that allow for business growth.

Enauta Reports 52% Drop in Oil Production in July Due to Atlanta Field Maintenance

The Oil Company Enauta Reported Production of 8.6 Thousand Barrels of Oil Per Day in July, with a Decrease of 52% Compared to the Previous Month Due to Maintenance at the Atlanta Field

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Enauta’s Profit Decreased by 55.9% in the Second Quarter of the Year

Still This Year, Enauta Denied the Sale of the Atlanta Field and Seeks to Diversify Its Portfolio of Assets in the Oil and Natural Gas Sector

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.

Enauta Reports 52% Drop in Oil Production in July Due to Atlanta Field Maintenance

The Oil Company Enauta Reported Production of 8.6 Thousand Barrels of Oil Per Day in July, with a Decrease of 52% Compared to the Previous Month Due to Maintenance at the Atlanta Field

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Enauta’s Profit Decreased by 55.9% in the Second Quarter of the Year

Still This Year, Enauta Denied the Sale of the Atlanta Field and Seeks to Diversify Its Portfolio of Assets in the Oil and Natural Gas Sector

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Found in one of the most radioactive places on Earth, this Chernobyl fungus may be doing something with radiation that no one has been able to explain to this day.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.

Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.

A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.

Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.