Brava Energia, a Brazilian oil and gas company, has finalised a deal with global commodity trader Trafigura for the sale of six million barrels (mbbl) of oil from the Atlanta field in Brazil’s Santos Basin.
Brava Energia holds an 80% operating stake in the Atlanta field, while Westlawn owns the remaining 20%.
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The field is known for its heavy oil with a low sulphur content and is estimated to contain recoverable reserves of around 200mbbl, reported the Rio Times.
The Atlanta field commenced production in January 2025, utilising the Atlanta floating production storage and offloading (FPSO) vessel.
The Atlanta FPSO unit, which succeeded the older Petrojarl I, boasts a processing capacity of up to 50,000 barrels of oil per day and 140,000 barrels per day of water. It has a storage capacity of 1.6mbbl of oil.
The contract between Brava Energia and Trafigura is structured with flexible terms to maximise value for both parties.
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By GlobalDataIt features profit-sharing mechanisms linked to cargo combinations, provides access to specialised markets for Atlanta’s unique oil grade and includes competitive financing options.
Earlier this month, Brava Energia signed an agreement with a consortium of Azevedo e Travassos Petróleo and Petro-Victory Energy for the sale of 11 onshore oil and gas concessions for $15m (86.8m reais).
Located in the Potiguar Basin, Rio Grande do Norte, these concessions recorded an average daily production of around 250 barrels of oil equivalent in 2024.
In December 2024, Brava Energia signed a three-year natural gas supply deal with Comgas.
The gas will be sourced from operations in Recôncavo Baiano, Espírito Santo and Rio Grande do Norte, integrated into multiple transport networks. The sale price is set at 11% of Brent (in dollars per million British thermal units).
