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First Oil flows from Atlanta offshore Brazil

QGEP Participações S.A. has produced First Oil from the Atlanta field offshore Brazil.

Located in block BS-4 in the Santos basin, Atlanta is a post-salt oil field situated 185 km (115 mi) from Rio de Janeiro, in water depths of approximately 1,500 m (4,921 ft).

Production from well 7-ATL-2HP-RJS is still in the stabilization phase. Production is expected to reach 20,000 b/d of oil later in 2Q from two wells. The oil is being produced to the FPSO Petrojarl I.

Shell has contracted to purchase all the production from the Atlanta field’s early production system (EPS).

CEO Lincoln R. Guardado said: “We are pleased to announce the beginning of production in Atlanta, a field which we have been successfully overcoming technical challenges. This represents QGEP’s second producing asset and will be a positive contributor to our operating cash flow. This project has a special meaning for us. We are the first Brazilian independent oil and gas company operating in ultra-deepwaters, thus proving our technical and operational capability.”

Danilo Oliveira, QGEP’s production director, added: “Later this year, the consortium will decide whether to drill a third well as part of the EPS, which could add 10,000 b/d to production. This phase will be important to the longer-term objective of establishing the full development system in Atlanta, where we expect a maximum production of about 75 kbpd until 2021.”

Source: Offshore

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