FPSO OSX-2 acquired for the Atlanta Field Definitive System

We announced today, 01/24, the execution of the contract to purchase FPSO OSX-2 for the Definitive System (SD) of the Atlanta Field.

 

Following the signing of the letter of intent with Yinson in December for detail engineering and long lead item commitments for the FPSO, the purchase of the Definitive FPSO is a milestone for the future of Atlanta.

 

“The acquisition of the FPSO is another important step towards the realization of the Definitive Atlanta System. The terms negotiated allow the project to come in with a low breakeven and an attractive return. If we are successful in sanctioning the project, Atlanta’s production will reach 50,000 barrels of oil per day as of 2024, generating significant value for our shareholders,” commented our CEO, Décio Oddone.

 

The operation is expected to be concluded in the first quarter of this year.