Update on Papa-Terra and Atlanta Fields

Source: www.gulfoilandgas.com 10/21/2024, Location: South America

BRAVA ENERGIA (“BRAVA”), pursuant the provisions of CVM Resolution No. 44, hereby informs its investors and the market in general about updates on Papa-Terra and Atlanta fields:

I. Papa-Terra
On October 18, 2024, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) authorized, by means of an Official Letter, the Company's request to reestablish the increase of people on board (POB) of the floating units 3R-2 (TLWP) and 3R-3 (FPSO), as well as granted authorization to use the rig installed in 3R-2, before the resumption of production. Thus, maintenance and integrity recovery activities of the units will be intensified, with the resumption of production expected for December. The authorization to use the rig allows the Company to resume the workover of well PPT-051 to replace the submersible pumping (BCS).

II. Atlanta
The Company hereby informs that it has received a letter from ANP scheduling the final inspection of the FPSO Atlanta's measurement systems (Definitive System) between November 25 and 29, 2024. By the end of November, the Company will conclude the submission of the other conditions responses to ANP for the FPSO Atlanta’ start of operations. It is worth remembering that IBAMA has already issued the operating license for FPSO Atlanta in September. In parallel, the Company will start the decommissioning process of FPSO Petrojarl as of early November 2024.

The Company will keep its shareholders and the market in general informed of any relevant updates on the aforementioned topics, in accordance with the applicable regulations.


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