Drilling rig contracted for the Atlanta Field

We annouce that the Alpha Star drill has been contracted to execute the drilling of the Atlanta Field’s fourth well of the Early Production System (“EPS”).

 

Drilling is estimated to initiate in the fourth quarter of 2022. It also foresees eventual extension, after Enauta’s notice to include the drilling of other two wells for Atlanta’s Full Development System.

 

The Company foresees that the fourth well’s drilling should endure approximately 60 days and the overall amount estimated and approved in US dollars is US$23 million for one well.

 

Located in the Block BS-4, in the Santos Basin, the Atlanta Field is operated by Enauta Energia S.A., a
wholly-owned subsidiary of the Company, which holds 100% working interest in this asset.

 

For more information, click here.