Enauta announces that it has received a purchase intention for FPSO Atlanta from Yinson, through the acquisition of all shares of AFPS B.V., the company that owns the platform that will operate in the field of the same name in the Santos Basin. Once completed, the operation will result in a reduction of approximately US$ 100 million in the company's net disbursements for the project.

"Exercising the purchase option is a significant milestone in reducing risks associated with the development of Atlanta Field, reaffirming the proximity to the completion of FPSO Atlanta, following the scheduled timelines and budget," says Enauta CEO, Décio Oddone (pictured).

The purchase of FPSO Atlanta reflects a value of US$ 465 million for AFPS B.V., on the date of exercising the option, of which US$ 86 million will be paid in cash and through deferred payments from the EPCI contract, and US$ 379 million through financing granted to Yinson for 15 years.

Exercising the option initiates the validity of the charter, operation, and maintenance contracts for 15 years, with the possibility of a five-year extension. The contract represents a total value of US$ 2 billion for 20 years, starting from the platform's production commencement.

Phase 1 of Atlanta's development is expected to start production by mid-2024 through six wells. FPSO Atlanta has the capacity to process 50,000 barrels of oil per day, 140,000 barrels of water per day, generate 20 MW of electricity, and store 1.6 million barrels of oil.