Brazilian oil and gas company Enauta has initiated the bidding process for the FPSO for the Full Development System (FDS) of the Atlanta field located offshore Brazil.
Enauta said last Friday that it estimated that the process would be completed in 10 to 12 months and companies with proven experience in developing similar projects were invited to participate in the bidding process.
The bidding considers an FPSO with capacity to process 50 thousand barrels of oil per day, to which 6 to 8 producing wells will be connected, including the 3 wells already in operation in the Early Production System (EPS).
The Atlanta field EPS started production in May 2018 , almost two years behind the schedule. The EPS is comprised of three productions wells connected to the FPSO Petrojarl I.
According to Enauta, the new development plan, which is being analyzed by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP), brings more financial resilience to the project, significantly reducing CAPEX and oil levels necessary to reach breakeven when compared with the previous plan.
In addition, the bidding considers the adaptation of an existing FPSO, which has never been deployed, made possible by an exclusive agreement for 12 months with an option to purchase signed by Enauta. The winning bidder will have the right to exercise this option.
Carlos Mastrangelo , Production & Development Officer, commented: “We are starting the bidding process very confident in the resilience of our project. The EPS brought us relevant information to reduce uncertainties when implementing the FDS, which will be developed utilizing only well-known technologies”.
In related news, Enauta last month resumed production from the Atlanta field after a nearly month-long shutdown due to repairs.
The 7-ATL-3H-RJS well is expected to resume production by the end of the first quarter this year, with estimated initial output of around 10.0 kbbl/day.
The 7-ATL-2HP-RJS well is expected to resume production by mid-2021.
Enauta Energia S.A., a wholly-owned subsidiary of the company, is the operator of the Atlanta field with a 50 per cent ownership.
The transfer of the 50 per cent stake previously held by Barra Energia has already been authorized by CADE (Brazilian Antitrust Authority) and is pending approval by ANP.