Asset Report
Atapu
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Report summary
Atapu, Atapu (Surplus) and Oeste de Atapu are a single pre-salt accumulation in the Santos basin. Atapu achieved its first oil in June 2020. In 2019, a consortium formed by Petrobras (42,5% and operator), Shell (25%), TotalEnergies (22,5%) and Petrogal Brasil (10%) got the rights to produce under a profit share contract the surplus volumes above the 550 mmboe awarded to Petrobras (100%) under the original Transfer of Rights agreement in 2010. The unitisation agreement allocated 18% of the volumes to Oeste de Atapu, and Petrobras and the PPSA agreed Atapu and Atapu (Surplus) share the remaining hydrocarbons in a 40% and 60% split. For a full analysis, please assess Atapu, Atapu (Surplus) and Oeste de Atapu models together.
Table of contents
- Key facts
-
Summary and key issues
- Summary
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Key issues
- Petrobras postpones first oil from second FPSO due to challenges to award FPSO contract
- Reduced emissions from planned second Atapu and Sépia FPSOs
- Atapu and Oeste de Atapu unitisation
- Surplus volumes relicensed in December 2021
- Petrobras and the PPSA agree on co-participation payment ahead of the 2021 round, reducing uncertainty about the Surplus economics
- Transfer of Rights (TOR) re-evaluation
- Location maps
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Participation
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History
- Atapu
- Local content
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History
- Geology
- Well data
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Exploration
- Work commitment
- Extended well tests
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Reserves and resources
- Gas
- Production
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Development
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Key development metrics
- Wells
- Facilities
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Key development metrics
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Infrastructure
- Oil
- Gas
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Costs
- Exploration costs
- Capital costs
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Operating costs
- Lease costs
- Transportation cost
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Sales contracts
- Oil
- Gas
- Fiscal and regulatory
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
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Economic analysis
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Cash flow
- Cash flow - Atapu
- Cash flow - Oeste de Atapu
- Cash flow - Atapu (Surplus)
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Cash flow
Tables and charts
This report includes 41 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Hydrocarbon quality
- Well data: Table 1
- Production: Table 1
- Production: Table 2
- Atapu - Production Profile
- Atapu (Surplus) - Production Profile
- Oeste de Atapu - Production Profile
- Reserves and resources: Table 1
- Costs: Table 1
- Costs: Table 2
- Sales contracts: Table 1
- Participation: Table 2
- Costs: Table 3
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Economic analysis: Table 4
- Economic analysis: Table 5
- Economic analysis: Table 6
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Economic analysis: Table 7
- Economic analysis: Table 8
- Economic analysis: Table 9
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
What's included
This report contains:
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