Brazilian independent Enauta has agreed to extend the contract of the Petrojarl I floating production, storage and offloading vessel for an additional two years.
The Altera Infrastructure-owned unit is currently conducting an early production system at the Atlanta deep-water field in the Santos basin offshore Brazil.
Under the terms of the new agreement, Enauta will keep the Petrojarl I FPSO in the field until May 2025, adding that the cost to adapt the unit will be $30 million.
“This new term promotes the operational continuity of the Atlanta field and may enable the temporary and simultaneous operation of the early production system and the definitive system, if approved, optimising the transfer time of wells in the Petrojarl I FPSO to the definitive system FPSO,” Enauta chief operating officer Carlos Mastrangelo said.
Enauta has already signed a letter of intent with Malaysia’s Yinson Holdings for the charter of the OSX-2 FPSO, which is due to enter operation in mid-2024, and serve as the definitive production system at Atlanta.
Enauta said a 35-day production stoppage is planned at Atlanta so maintenance can be carried out on equipment that needs to be turned off, although the company did not disclose when that is scheduled to happen.
On 13 January, Enauta said it was preventively halting output at Atlanta for inspection and repair of a production line of the Petrojarl I FPSO.
Over the past year, Enauta has faced numerous issues with production at Atlanta, having been forced to temporarily interrupt output at the field to sort minor issues at the Petrojarl I floater.