[Brazil] Atlanta - FPSO Atlanta

Post Reply
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

[Brazil] Atlanta

Unread post by escveritas »

Image

Enauta operates the Atlanta Field, located in Block BS-4, in the Santos Basin, with 50% participation initially – a project that required overcoming challenges and applying the most advanced offshore engineering concepts. The company subsequently acquired 100% working interest in the Atlanta Field on 12/21/2020. The transfer of the 50% interest previously held by Barra Energia in the Atlanta Field was authorized by CADE (Brazilian Antitrust Authority) and ANP. Upon approval, Enauta then held a 100% working interest in the Field.

Atlanta was Enauta second farm-in agreement after going public in 2011, when the company acquired a stake and the operation of the Block, with an investment of US$157.5 million.

In 2018, Enauta started the field production through an Early Production System (EPS) comprising three wells connected to the FPSO Petrojarl I. There are already more than 15 million barrels produced in the SPA and after more than 2 years of having acquired knowledge, validated assumptions and conducted important technical studies for the implementation of the Full Development System (FDS), the company prepared a new development plan for the FDS, with a more operationally efficient and with a significant reduction in investments.

The FDS will include the drilling of additional wells, totaling up to 8 horizontal wells, connected to a 50 kbopd capacity FPSO – the bidding process for this new FPSO has already started and is scheduled to be concluded in the first quarter of 2022.

The Atlanta Field has heavy oil, with 14º API and low sulfur content, less polluting and in line with IMO 2020 maritime fuel regulations.

Reserves 2P: 103 MM bbl**
Oil volume (in situ): 1.29 Bi bbl;
Volume of oil produced: 16.13 MM bbl (until 12/31/2020);
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

[Brazil] Atlanta - FPSO Atlanta

Unread post by escveritas »

With floater giants occupied by mega-projects in Brazil and Guyana, Enauta’s invitation to tender will stir up interest among second-tier suppliers

Brazil independent Enauta has launched a tender for a floating production, storage and offloading vessel for the Atlanta development in Brazil’s prolific Santos basin.

The tender marks a trend where junior and independent operators are bringing a more diverse look to a Brazilian oil sector once dominated by state giant Petrobras and, with floater giants SBM Offshore and Modec engaged with a glut of large-scale projects, the Atlanta tender is seen as an opportunity for second-tier players.

Enauta has already used an early production system (EPS) on Atlanta and recently sanctioned a long-term development plan that will feature an FPSO with capacity to process 50,000 barrels per day of heavy crude.

The floater will be connected to between six and eight horizontal production wells.

Three of these are already connected to the Petrojarl I FPSO, the unit that has been carrying out the EPS.

An earlier version of the development plan called for 12 production wells, connected to an FPSO with the capacity for 80,000 barrels per day.

Enauta engaged in a detailed review of the proposed field development after the withdrawal of former partner Barra Energia.

The review resulted in a decision to go ahead with the full-scale development, but only after streamlining the economics.

Enauta said its updated development plan will increase the economic resilience of the project due to a “significant reduction” in capital expenditure.

Enauta said it has acquired a purchase option on an unused FPSO suitable for adaptation — valid for 12 months —and can sell this on to the eventual winner of the Atlanta tender.

OSX floater

Sources consulted by Upstream suggested that the vessel in question is the OSX-2, which has been warm-stacked near Karimunbesar Island in the Singapore Strait since 2015, following the collapse of OGX, a unit of collapsed Brazilian conglomerate EBX.

With crude-processing capacity for 100,000 bpd, the OSX-2 was originally built by SBM Offshore with specifications for relatively heavy crudes in Brazil’s Campos basin, and is, one industry source said, “well-preserved and in ongoing hot lay-up.”

The OSX-2 had also been considered among BP’s options for developing the Palas-Astraea-Juno (PAJ) project off Angola.

In a stock market filing, Enauta stated that the contracting process will now take between 10 and 12 months to be concluded.

A pairing between Brazil’s Ocyan and Aberdeen-based Altera Infrastructure has been quoted as an early favourite in the new tender, with Oslo-listed BW Offshore seen as another strong candidate.

“We are starting the bidding process with full confidence in the resilience of our project,” said Carlos Mastrangelo, production director with Enauta.

“The EPS brought us relevant information to reduce uncertainties when implementing the (full development system), which will be developed utilising only well-known technologies.”

Enauta recently resumed production from the Atlanta EPS after three months of interruptions due to faults with one of the oil-heating systems on board the Petrojarl I FPSO.

The well in question resumed production at a rate of more than 10,000 barrels per day.

A second well is due back on line at the end of March, and a third in the middle of this year.

The Petrojarl I FPSO is owned and operated by Aberdeen-based Altera Infrastructure.

Atlanta has an estimated 2 billion barrels of oil in place, but the crude has a gravity of 14 degrees API and the field sits in 1500 metres of water.

Reserves are estimated at 112 million barrels of oil equivalent on a proven and probable basis.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

Continuing the news released on November 3 and 30, 2020, we communicate the celebration of the agreement with Barra Energia to acquire 100% of the working interest in Block BS-4, where the Atlanta Field is located.

The transfer of ownership from Barra Energia to Enauta Energia is subject to approval by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) and Brazil’s Antitrust Agency (CADE), and to additional usual conditions. After approval from ANP, Barra Energia will transfer US$ 43.9 million to the Enauta Energia related to the abandonment operations of the three wells and decommissioning of existing facilities at the Field.

“Atlanta has 1.3 billion barrels of oil in place, of which only 1.25% has been produced so far. We made this decision because we believe it is possible to develop a more resilient project that can create value, despite a scenario of lower oil prices,” commented Décio Oddone, our CEO.

In line with the strategy to diversify its portfolio, Enauta Energia will seek new partners to develop the Field and commence the bidding process for FPSO freight operations, a key stage for the project’s approval.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

ENAUTA REACHES 18 MILLION BARRELS PRODUCED IN THE ATLANTA FIELD

Number is equivalent to less than 2% of the total oil barrels of Atlanta

This Monday (26/07), the Atlanta Field reaches the expressive mark of 18 million barrels (bbl) produced. Located in Block BS-4, the Atlanta Field began production in May 2018.

With a water depth of 1,550 meters (ultra-deep water), the combination of different technologies in an innovative arrangement was required to enable the lifting of heavy oil, with low sulfur content, to the FPSO. This oil meets the recommendations of the IMO 2020 – international regulation that determines the reduction of sulfur dioxide emissions – and has excellent acceptance in the international market. Due to these advantages, our production from the Atlanta Field has been marketed at refineries at a premium in relation to the Brent price.

After more than three years of production, we are working to stabilize the production of the Early Production System (SPA), which has three producing wells. Today, the Atlanta Field produces through two wells. In August, production is expected to resume from the third well in the SPA.

In March of this year, the FPSO bidding process for the Full Development System was started, considering an FPSO with the capacity to process 50,000 bbl per day, to which six to eight producing wells will be connected, three of which are already in operation in the Early Production System. It is estimated that the completion of the process will take ten to 12 months from this date, in the first quarter of 2022.

As an independent oil and gas company committed to the ESG agenda, between 2018 and 2020, we reduced CO2/barrel emissions produced in the Atlanta Field by 28% – below the industry average for all of South America.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta

Unread post by escveritas »

escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

MOU SIGNED FOR DIRECT NEGOTIATION FOR FPSO CONTRACT FOR THE DEFINITIVE SYSTEM OF THE ATLANTA FIELD

Enauta informed of the signing of the Memorandum of Understanding (MoU) with Yinson Holdings Berhad, through its subsidiary Yinson Acacia Ltd. (“Yinson”), for the direct and exclusive negotiation of FPSO supply contracts for the Definitive System (SD) of the Atlanta Field.

The MoU establishes the commencement of direct negotiation with exclusivity for the supply of the FPSO, covering the agreements for chartering, operation and maintenance of the production unit.

Yinson is an independent FPSO service provider that operates globally and operates production units in West Africa, the Americas, Europe and Southeast Asia.

Additionally, we have filed with IBAMA to obtain the SD preliminary license.

Enauta expected to make the final SD investment decision in early 2022 to ensure the start of production in mid-2024.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

Yinson signs firm contracts with Enauta for FPSO in Brazil

Posted Date: 22 Feb, 2022

Yinson has signed firm contracts with Enauta Energia S.A. (“Enauta”) for the provision, operation and maintenance of a floating, production, storage and offloading (“FPSO”) asset in the Atlanta Field located in the Santos Basin, offshore Brazil (“Project").

Pursuant to the Letter of Intent dated 17 December 2021, agreements were entered into through indirect wholly owned subsidiaries, Yinson Production Offshore Pte Ltd, Yinson Production EPC Pte Ltd, Yinson Bouvardia Holdings Pte Ltd and Yinson Bouvardia Serviços de Operação Ltda.

The engineering, procurement, construction and installation of the FPSO are expected to be completed by the first half of 2024. Prior to the completion of the construction of the FPSO, Yinson has the discretion to exercise the call option to acquire the asset-owning company of the Project with a 15-year time charter agreement and operation & maintenance agreement, whereby Enauta has a right to extend the agreements by a further 5 years.

The Project has an estimated aggregate value of USD505 million (including a 2-year operations and maintenance agreement), with a further increase to USD1,981 million (inclusive of 5 years extension period) should Yinson exercise the call option. The FPSO is one of Yinson’s three assets in Brazil, bringing the Group’s total fleet to nine floating assets.

Yinson Group Chief Executive Officer Lim Chern Yuan commented, “Brazil awarded majority of the FPSO contracts in 2021 and we expect it will continue to be the dominant FPSO market going forward. With our strong track record, Yinson aims to passionately deliver powerful solutions for Enauta. Our goal is to contribute positively towards the development of Brazil’s energy industry.”

Yinson Chief Executive Officer Offshore Production, Flemming Grønnegaard said of the award, “Our steadfast commitment is towards pioneering low-emission designs from the get-go and this Project is no different. Both Yinson and Enauta have been working closely since last year and we are making solid progress. We believe that our close working relationship with Enauta will help us move a step closer toward Yinson’s zero emission FPSO concept of the future and our goal of achieving net zero by 2050.”
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta Field

Unread post by escveritas »

DRILLING RIG CONTRACTED FOR THE ATLANTA FIELD

We annouce that the Alpha Star drill has been contracted to execute the drilling of the Atlanta Field’s fourth well of the Early Production System (“EPS”).

Drilling is estimated to initiate in the fourth quarter of 2022. It also foresees eventual extension, after Enauta’s notice to include the drilling of other two wells for Atlanta’s Full Development System.


The Company foresees that the fourth well’s drilling should endure approximately 60 days and the overall amount estimated and approved in US dollars is US$23 million for one well.

Located in the Block BS-4, in the Santos Basin, the Atlanta Field is operated by Enauta Energia S.A., a
wholly-owned subsidiary of the Company, which holds 100% working interest in this asset.
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta - FPSO Atlanta

Unread post by escveritas »

Yinson Production holds naming ceremony for FPSO Atlanta
  • Yinson Production held naming ceremony for FPSO Atlanta at Dubai Drydocks World in Dubai on 13 December 2023
  • FPSO Atlanta is a redevelopment project awarded to Yinson Production in February 2022 and is expected to achieve first oil in 2024
  • The FPSO will operate in the Atlanta field in the Santos Basin offshore Brazil for Enauta Energia S.A. under a 15 years (plus 5 optional years) lease and operate contract with a total value of up to USD 2 billion
Yinson Production has officially named its latest addition to the fleet, FPSO Atlanta, during a grand naming ceremony held at Dubai Drydocks World in Dubai, UAE on 13 December 2023.

The naming ceremony was graced by FPSO Atlanta Site manager and Lady Sponsor Mrs Maria Eduarda Pessoa, and witnessed by Yinson Production Chief Executive Officer Mr Flemming Grønnegaard, Enauta Energia S.A. (“Enauta") Chief Executive Officer Mr Décio Oddone, Yinson Production Project Manager for FPSO Atlanta Mr Scott Bendiksen, Drydocks World Chief Executive Officer Capt Rado Antolovic, PhD, as well as members of the board of directors and senior management of Yinson Production and Enauta.

FPSO Atlanta has a production capacity of 50,000 BOPD and a maximum storage capacity of 1,251,000 bbls. It will feature an efficient carbon management process plant, which utilises fuel gas for cargo tank inertisation that will significantly reduce flare gas emissions through a closed flare system. The plant introduced is a part of Yinson Production’s continuous sustainability efforts in reducing carbon emissions and being the frontrunner in decarbonising the FPSO industry towards the goal of net zero.

Yinson Production and Enauta entered into a letter of intent with regard to FPSO Atlanta in December 2021 and subsequently signed firm contracts for the engineering, procurement, construction, and installation, the operation and maintenance of initially 2 years, and a purchase option for Yinson Production in February 2022. In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta with a 15-year firm (plus a 5-year extension option) contract for the provision, operation and maintenance with a total contract value of up to USD 1,981 million as well as project financing in the amount of USD 400 million.

The engineering, procurement, construction, and installation of the FPSO Atlanta is steadily progressing and upon completion, the asset will be deployed at the Atlanta Field located in the Santos Basin, offshore Brazil, with the first oil expected to be achieved later in 2024.

FPSO Atlanta will be the second of three FPSO vessel assets that Yinson Production will deploy in Brazil.

Commenting on the naming of FPSO Atlanta, Mr Flemming Grønnegaard mentioned, "We have achieved steady progress on FPSO Atlanta project driven by our strong adherence to our project execution philosophy, the dedicated and experienced team and the unwavering support from our client and stakeholders. We appreciate Enauta's trust in us by having awarded the project to Yinson Production, and we remain committed to enhancing access to stable and affordable energy in the South American region.”

Mr Scott Bendiksen highlighted, “We are proud to have maintained zero loss time incidents after nearly 7 million manhours for FPSO Atlanta. We remain committed to the highest HSE standards and will ensure the project's progress is on track in anticipation of its sail away to Brazil. The collaboration with Enauta has been a fruitful venture, further solidifying Yinson Production’s strong presence in the region.”

Mr Décio Oddone said, “Phase 1 of Atlanta is moving quickly to reach first oil in 2024. The adaptation of the FPSO is an important milestone for Enauta. To achieve this goal, we have already carried out several activities. The Full Field Development System positions Enauta as a pioneer among independents in executing a deepwater project. FPSO Atlanta has many engineering solutions and innovations to reduce the emissions intensity. The project demonstrates how the oil and gas industry can act positively within its operational limits, with responsibility, safety and efficiency.”

Capt Rado Antolovic said, “We are proud of our ongoing RLEC work (Repair, Life Extension and Conversion) for the newly named FPSO Atlanta. On completion we are confident of FPSO Atlanta’s longevity in offshore Brazil without drydocking. The naming ceremony is another milestone in this project which has an expansive scope for Drydocks World including the fabrication and installation of 3000 tonnes of structure.”
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta - FPSO Atlanta

Unread post by escveritas »

ENAUTA PREPARES TO INCREASE PRODUCTION IN ATLANTA FIELD BY DRILLING 3 NEW WELLS

20 Oct 2022

The estimate is to increase production capacity to more than 20,000 barrels as early as 2023 with the first of these new wells drilled.

Enauta will start a drilling campaign for three new wells in the Atlanta Field, in the Santos Basin, in the coming weeks. The project will be developed through the sixth-generation semi-submersible rig Alpha Star, which will operate in water depths of 1,550 meters. The drilling of the new wells is expected to be completed in approximately seven months.

The drilling of the first additional well is scheduled for this fourth quarter of 2022 and should increase the production capacity of the Field to more than 20 thousand barrels of oil per day. This new well will replace one of the three currently connected to the Petrojarl I FPSO (Early Production System) starting in early 2023. This will allow additional redundancy to the well pumping system and provide greater operational flexibility to the production system. The estimated value of the well and its interconnection to the production system is $75 million, with $60 million for drilling and completion and the remainder for interconnection.

The additional well will not only generate an increase in production starting in early 2023 but will also bring greater stability to Atlanta’s operation.

Then, the drilling of wells 7-ATL-6H-RJS and 7-ATL-7H-RJS will start, the first of the Definitive System (DS), which will await the arrival of the new FPSO Atlanta for its interconnection. The FPSO Atlanta is scheduled to start operating in mid-2024, allowing for the production of up to 50,000 barrels of oil per day.

In the second phase of the project, the company plans to drill four more wells, aiming to maintain the production levels of the Definitive System.

Production at the Atlanta Field began in 2018 and, by September 2022, accounted for a total of more than 22 million barrels produced. With the arrival of the new FPSO, the total storage capacity will be 10 times larger than the current one and may reach up to 1.6 million barrels.

Project characteristics
  • The Atlanta Field is located in the Santos Basin, in the former BS-4 block, in water depths of 1,550 meters, about 120 km off the coast;
  • The first well will have a final depth of 3,700 meters, with a producing horizontal section of 800 meters completed with gravel pack;
  • In the new 6H and 7H wells, no submerged centrifugal pumps will be lowered. The lifting method will be the MPP (Multi Phase Pump).
escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] Atlanta - FPSO Atlanta

Unread post by escveritas »

FPSO Atlanta enroute to Brazil

Rio de Janeiro, March 20, 2024

Enauta Participações S.A. informs that, after successful shipyard works and sea trials, FPSO Atlanta is enroute to Atlanta Field, located in Santos Basin, according to project schedule. ETA is 45 days, which may vary depending on sea conditions.

Once the platform’s arrival, anchoring and submarine systems connection works will start, with 1st oilestimated as of August 2024.
Post Reply

Return to “South America”

Who is online

Users browsing this forum: No registered users and 3 guests