Brazil’s oil and gas company Enauta will be drilling an additional well on the Atlanta field located offshore Brazil in an effort to increase production as its negotiations with Malaysia’s FPSO provider Yinson for the supply of an FPSO for the field continue.
Enauta informed on Friday it has approved the drilling of an additional well in the Early Production System (EPS) of the Atlanta field located in the Santos Basin. The new well is expected to start production in early 2023.
As explained by Enauta, the new well will enable a significant increase in production and add spare capacity to the well pump system. The well has an estimated cost of $75 million, including $60 million for drilling and completion, and the remainder for interconnection.
Enauta also added that drilling operations are scheduled to start in the fourth quarter of 2022.
Meanwhile, Enauta’s exclusive negotiations with Yinson related to the potential supply and charter of an FPSO unit for the Definitive System of the Atlanta field are still in progress. The two companies entered the negotiations in August 2021 and the continuation of the talks was confirmed by Yinson on Friday. No other details have been revealed.
Currently, the Atlanta field is producing through an EPS – comprising three wells connected to the FPSO Petrojarl I.