BRAVA ENERGIA Announces September 2024 Production

Source: www.gulfoilandgas.com 10/11/2024, Location: South America

BRAVA ENERGIA, hereby informs its investors and the market in general of the preliminary and unaudited production data for September 2024.

Atlanta – Transfer of well #4 connection to FPSO Atlanta
According to the project's original schedule and budget, well #4 was disconnected from FPSO Petrojarl I on October 2nd to be connected to FPSO Atlanta. Production at FPSO Petrojarl I continues through well #5 with average daily production of approximately 9 kboe/day. The Company expects to start production from FPSO Atlanta in the fourth quarter of 2024, subject to the issuance of pending licenses by ANP (Brazilian National Agency of Petroleum, Natural Gas and Biofuels).

Papa Terra - Maintenance campaign in progress
Papa Terra operation was halted on September 4th to fulfill adjustments requested by the ANP. Given the context limiting the number of people on board, the Company opted to move forward on inspection and maintenance items that were scheduled for the coming months, keeping the units on a scheduled stoppage with production expected to resume in December 2024.

Parque das Conchas - Acquisition in progress
Brava entered into an agreement to acquire 23% of the asset held by QatarEnergy Brasil Ltda., with an effective date of July 2023. The closing of the transaction is subject to conditions precedent. The average production of the asset in 2024, corresponding to the stake acquired, was 6.2 thousand boe/day.

Manati – Return to production estimated by the operator in 4Q24


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