Despite potential for more, Enauta keeps production at lower level from new well

Brazilian oil and gas player Enauta has concluded the production ramp-up of the first well in its three-well drilling campaign at a field offshore Brazil. 

Enauta disclosed on Friday, 31 March 2023, that it had wrapped up the production ramp-up phase for the new well, 7-ATL-5H-RJS (5H), at the Atlanta field, which was connected to the FPSO Petrojarl I. As the well was completed on time, the costs determined so far are in line with the approved amounts, says the Brazilian player.

Even though the 5H well has demonstrated a higher potential, Enauta decided to keep its production stabilized at around 15 thousand barrels per day (bbl/d) for a longer period until it starts its natural downward curve, to preserve equipment, which will be replaced with the start of to the Full Development System (FDS), estimated by mid-2024.

At that point, the FPSO Petrojarl I will be replaced by a vessel named FPSO Atlanta – currently being converted at Dubai Drydocks World – which will be deployed at the Atlanta field and operated under ABS Class, following conversion.

Currently, the daily production at the Atlanta field is approximately 22.0 thousand bbl/d. Located in block BS-4 in the Santos Basin, at a 1,500-metre water depth, the Atlanta field is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has a 100 per cent interest in this asset. The field’s reserves are estimated at 106 MMbbl.