A Enauta Participations (ENAT3) reported on Monday that it signed a letter of intent with Yinson Acacia, a subsidiary of Yinson Holdings Berhad, about the initial engineering activities and commitments for the FPSO that will be used in the Atlanta Field, in the Santos Basin.
According to the company, the agreement provides for the adaptation of the FPSO by Yinson through a “turnkey” contract, with warranty and operation and maintenance for 24 months. The acquisition and adaptation cost will be in the order of US$ 500 million.
The ship’s adaptation should involve technologies to minimize carbon emissions, which will optimize its operational and environmental efficiency, said Carlos Mastrangelo, Enauta’s operations director, in the material fact disclosed.
The FPSO, for which Enauta has an exclusive purchase option, should be part of the definitive Atlanta Field system.
The Field is currently operating in the anticipated production system, with reduced production capacity, from around 12 thousand to 13 thousand barrels per day (bpd).
In an interview with Reuters in early December, Enauta CEO Décio Oddone said the company should make its decision on the definitive system by the first quarter of 2022, while seeking to complete the attraction of a private partner for the active.
Prior to the start of production of the definitive system in Atlanta, Yinson will have an option to purchase the unit linked to financing. If the option is exercised, charter, operation and maintenance contracts will come into force for a period of 15 years, with the possibility of extension for another five years, with a total value of 2.0 billion dollars for the 20 years.
Enauta also said that, in addition to the FPSO, the investment for the drilling of wells and “subsea” equipment remains estimated at between US$ 500 and US$ 700 million.
Last Friday, the company was informed about the resumption of production in the Manati Field, an asset in which it has a 45% stake and which is operated by Petrobras.
Manati’s production had been interrupted by the improper closing of a valve in the submerged part of the field’s export pipeline.
Source From: Moneytimes
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