3 min of reading

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

Oil and Gas

Foto: reprodução www.enauta.com.br

Be the first to react!

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

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

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

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

Man uses AI to apply for 1,000 jobs while he sleeps

The Earth has become an orbital junkyard: 15,550 tons of space debris surround the planet with dead satellites, abandoned rockets, and fragments traveling at 28,000 km/h.

Unmanned and with the autonomy to cross oceans for up to 30 days, the DriX O-16 is a 15.75-meter naval drone that sails alone for 3,500 nautical miles carrying sensors for warfare, surveillance, and submarine mapping missions.

Solar garden table created by a Swiss company promises to generate energy at home, power everyday devices, and even pay for itself over time using only sunlight.

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

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

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

Lula celebrates the revival of the fertilizer industry in Bahia, reinforces the defense of Petrobras, and criticizes privatizations that increased Brazil’s external dependency.

U.S. pre-market falls with fears of global inflation and expectation of increased Chinese oil purchases

While oil fields bury saltwater underground, a pilot in the US uses solar steam without electricity for desalination of hypersaline water and transforms Permian waste into a potential agricultural and industrial resource.

Oil fluctuates above $100 after meeting between Trump and Xi Jinping and progress in Middle East negotiations

OPEC reduces oil demand forecast for 2026, but bets on global market recovery in 2027

Man uses AI to apply for 1,000 jobs while he sleeps

The Earth has become an orbital junkyard: 15,550 tons of space debris surround the planet with dead satellites, abandoned rockets, and fragments traveling at 28,000 km/h.

Unmanned and with the autonomy to cross oceans for up to 30 days, the DriX O-16 is a 15.75-meter naval drone that sails alone for 3,500 nautical miles carrying sensors for warfare, surveillance, and submarine mapping missions.

Solar garden table created by a Swiss company promises to generate energy at home, power everyday devices, and even pay for itself over time using only sunlight.