Enauta released a summary of its operational results for April and also for the first four months of 2024. The Brazilian oil company produced almost 600 thousand barrels of oil equivalent (boe) in the month of April, an average of 20 thousand barrels per day.
The company highlights consistent production from ATLANTA, which delivered an average of 20 thousand barrels per day in April, surpassing the mark of 30 million boe produced since the start of the Early System in May/18.
The FPSO Atlanta will begin docking in the next few days. At the end of April, the campaign to connect the subsea equipment for the new wells in this FPSO began, reinforcing the expectation of production starting in August/2024.
Manati is currently undergoing a maintenance shutdown for selected platform systems, not recording production in April, which may justify part of the 19.5% decline in the company’s production compared to March this year.
Even so, Enauta closed the month with an increase in the value of its shares, leaving the market hopeful for the second half of the year.
“The company has been shaking up the Brazilian market. Just from the end of 2023 until today, it sold 20% of the Atlanta and Oliva fields to the American WAO and bought Qatar Energy’s 23% stake in Parque das Conchas, in addition to the Uruguá and Tambaú and now production is about to start with the FPSO Atlanta, which should arrive in Brazil later this month”, says Omar Darian, Chartering Manager at WSB Advisors.
