Page 16 - LatAmOil Week 45

LatAmOil BRAZIL LatAmOil

This stems partly from the coronavirus at least temporarily have no producing assets
(COVID-19) pandemic and partly from the in Brazil. The company sold its interest in the
price war between Russia and Saudi Arabia. Manati field to Gas Bridge, another Brazilian
`Enauta acknowledged those doubts last company, last August. Even so, it still has sev-
week in its second-quarter earnings report, say- eral exploration assets, including two operated
ing: “Oil price monitoring, as well as the pan- blocks in Pará Maranhão and one operated
demic development, are preponderant factors block in the Foz do Amazonas Basin, as well
for the consortium to define the next steps for shares in nine Sergipe-Alagoas concessions
the development of Atlanta’s Definitive System, where the US super-major ExxonMobil serves
where the FPSO [floating production, storage as operator. ™
and off-loading vessel] bidding process has been
postponed until the second half of 2020.”
The Atlanta project was anticipated to involve
the installation of an FPSO with a production
capacity of 50,000 barrels per day (bpd) of oil at
the field. The vessel was slated to be connected
to 12 producing wells and become operational
by 2022.
Atlanta yielded some 14,300 bpd of oil and
109,200 cubic metres per day of natural gas in
September. This represents a decline of about
50% on the figures recorded in February, before
the outbreak of the coronavirus (COVID-
19) pandemic had an impact on production,
according to data from the regulator ANP.
If Enauta does decide to exit Atlanta, it will Atlanta is in a shallow-water section of the Santos basin (Image: Enauta)

PERU
Bretaña restart pushes Peru’s

crude output up 30% in October

CRUDE oil production in Peru rose by 30% (NGLs) had dropped by 6% and 7% respectively.
month on month in October to reach 37,851 Gas yields averaged 35.5mn cubic metres per
barrels per day (bpd). day and NGL yields 84,152 bpd, it noted.
The October average was lower than the Both of these figures were higher than the
year-ago figure of 52,984 bpd. It is also below year-to-date averages of 31.4 mcm per day and
the highest monthly figure recorded this year 83,792 bpd respectively. But they were also
of 41,105 bpd. Even so, the oil sector did gain below the year-ago figures of 36.8 mcm per day
some momentum in October, largely because of and 86,737 bpd.
the restart of development work at the Bretaña The pandemic has had a negative impact on
oilfield boosting Peru’s overall output. Peru’s domestic oil and gas production.
Production at Bretaña, located within Block
95, was restarted by PetroTal, a Peruvian-fo-
cused Canadian E&P company, last month.
PetroTal took this step following an agreement
between the government and local indigenous
communities. As a result of the resumption of
commercial activity, production at the field aver-
aged 9,275 bpd in October, compared with 713
bpd in the previous month, according to data
from oil and gas licensing authority Perupetro.
The ongoing suspension of operations at a
number of blocks – including 8, 192, 67, Z-1
and Z-6 – due to the coronavirus (COVID-19)
pandemic continues to have an impact on Peru’s
production figures.
Also in October, Peru reported that its pro-
duction of natural gas and natural gas liquids PetroTal’s Bretaña field helped boost oil output (Image: Revista Minería y Energía)

P16 www. NEWSBASE .com Week 45 12•November•2020