Enauta, a Brazilian oil and gas company, is anticipating the resumption of production from its floating, production, storage, and offloading (FPSO) vessel in Brazil by October 2023. This timeline represents a delay from the previously expected resumption in early September 2023.

Enauta began preventive maintenance on the FPSO Petrojarl I in May 2023, with production at the Atlanta field originally scheduled to resume in mid-June. The field did come back online at the end of June after the conclusion of preventive maintenance.

However, after resuming operations, Enauta conducted new tests to identify the causes of repetitive failures in the subsea pumping equipment used for the field's Early Production System (EPS). In July 2023, the company found that the issues were concentrated in the subsea pumping electrical system and temporarily halted production at the Atlanta field.

In August, Enauta performed commissioning and tests of new components and decided to install equipment that had a track record in the U.S. Gulf of Mexico and Brazil. As a result, the company now expects production to resume in October 2023.

Enauta purchased the FPSO OSX-2 for Atlanta's Full Development System (FDS) last year, and this FPSO, known as the FPSO Atlanta, will replace the FPSO Petrojarl I. Over 99% of the project items are already contracted, including new state-of-the-art robust subsea pumping modules.

In the coming month, Enauta plans to conclude the final production well from the group of six wells in Atlanta's Phase I and will begin the anchoring of FPSO Atlanta with the installation of the platform's spread mooring. The FPSO Atlanta's first oil aligns with its original schedule for mid-2024, starting with six wells and reaching ten wells by 2029.

The Atlanta field is located in block BS-4 in the Santos Basin, at a water depth of 1,500 meters, and has been in production since 2018. Enauta Energia, a wholly-owned subsidiary of Enauta, operates the field and has a 100% interest in the asset.