Brazil's Brava to drill two more wells at Atlanta field by year-end

Brazilian energy company Brava Energia is set to start drilling two more wells at the Atlanta field in the Santos basin by the end of the year, Chief Executive Decio Oddone told Reuters on Monday.

The two wells should be producing by mid-2027, bringing the total number at the Atlanta field to eight, Oddone said on the sidelines of a conference in Houston.

Production at the field is expected to remain at around 45,000 barrels per day (bpd), said the executive, noting that the two new wells would offset declining production at other wells.

"We are going to connect two wells now in June. And then, at the end of the year, we will start drilling two more wells that we will connect at the end of 2026," he said.

Oddone said that Atlanta's output is being sold in Singapore as maritime fuel and for power generation, as it is a heavy oil with low sulfur content. The company in recent months announced deals to sell Atlanta's oil to Trafigura and Shell.

Brava, formed from a merger between 3R Petroleum and Enauta last year, started production at Atlanta in December.

In February, it said Atlanta was producing around 26,000 bpd and that its floating production vessel had capacity to handle as much as 50,000 bpd.

(Reporting by Marianna Parraga in Houston; Writing by Fabio Teixeira; Editing by Kylie Madry and Gabriel Araujo)