20 million barrels produced in the Atlanta Field

With a daily average of 13,000 barrels in two wells, Enauta is preparing to resume production in the third well in early 2021

 

Enauta reached yesterday the mark of 20 million barrels (bbl) produced in the Atlanta Field, in Santos Basin, where the company operates with 100% participation. The consolidated production for the year to date as of yesterday, Wednesday, 12/15, is about 3.8 million barrels. The mark was reached after less than four years of operation in the area.

 

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 start producing again by March 2022. Recently, the first stage of the FPSO water treatment capacity expansion project was completed, which frees up the process plant for increased oil production.

 

Additionally, the drilling of one more well in the Early Production System (SPA) is scheduled to start in the fourth quarter of 2022. The new well, expected to come on production in early 2023, will allow for a significant increase in production and will add a spare to the wells pumping system. The estimated value of the well is $75 million, with $60 million for drilling and completion and the remainder for tie-in.

 

“We remain focused on production and optimization of operatinal costs, especially logistics costs. The offshore engineering used in Block BS-4 is based on the most advanced concepts available in the industry,” said Carlos Mastrangelo, Enauta’s Operations Director.

 

The company’s operational efficiency in the Atlanta Field in November was 99.32% in FPSO Petrojarl I, maintaining the excellence of the previous month’s record. The location was the company’s second farm-in agreement following its IPO in 2011, when the company announced the acquisition of the stake and operation in the Block, with investments of $157.5 million.

 

According to the most recent certification from Gaffney, Cline & Associates, the Atlanta Field has 2P Reserves of 103 MM bbl of heavy oil, with 14º API and low sulfur content, less polluting and in line with IMO 2020 marine fuel regulations.