QGEP Participações S.A. (“Company”, B3:QGEP3”), now known as Enauta, today announced 1st quarter 2019 production.
The company’s total production in 1Q19 was 1,399 thousand barrels of oil equivalent (boe), or average
daily production of 15.5 thousand boe. The production mix between gas and oil and from the two
producing fields is shown in the tables below.
(1) Production impacted by scheduled maintenance in the field that commenced March 20, 2019 and is expected to be completed in early April.
(2) As previously disclosed by the Company on September 26th, 2018, the Arbitral Tribunal declared the validity of the right to expell Dommo Energia S.A. from the BS-4 Consortium and the subsequent transfer of 20% Participation in the Block to Enauta. The decision is in process of implementation before the Arbitral Tribunal and appropriate Brazilian authorities.
The first quarter of 2019 was marked by the continuity of our operational activities. We continue to benefit from our two assets in production and we are in the final phase of completion of the Atlanta’s third well.
For more information, please contact our Investor Relations team.