The Brazilian oil and gas company Enauta has started the FPSO bidding process for the complete development system (FDS) of the Atlanta oil field located off the coast of Brazil.

Enauta said on Friday that it estimates that the process will be completed within 10 to 12 months, and invited companies with extensive experience in developing similar projects to participate in the bidding process.

An FPSO was considered in the tender. The FPSO has a daily processing capacity of 50,000 barrels of oil and will connect 6 to 8 production wells, including 3 wells that are already in operation in the Early Production System (EPS).

The Atlanta oilfield EPS was put into production in May 2018, two years later than the original plan. EPS consists of three production wells connected to FPSO Petrojarl I. According to Enauta, the new development plan being analyzed by the Brazilian National Agency for Petroleum, Natural Gas and Biofuels (ANP) brings more financial flexibility to the project, significantly reducing CAPEX and reaching The level of oil required to break even.

In addition, the tender considered the adaptation of an existing FPSO that was never deployed, which was achieved through a 12-month exclusive agreement (a purchase option signed by Enauta). The winning bidder will have the right to exercise this option.

Production and Development Officer Carlos Mastrangelo commented: “We are very confident in the resilience of the project and are beginning the bidding process. EPS has brought us relevant information to reduce the uncertainty when implementing FDS. FDS will only use well-known Technology to develop."

In related news, Enauta was interrupted for nearly a month due to maintenance last month, and then resumed production at the Atlanta oil field. It is expected that well 7-ATL-3H-RJS will resume production at the end of the first quarter of this year, and the initial production is estimated to be about 10.0 kbbl/day. And well 7-ATL-2HP-RJS will resume production in mid-2021.