First oil produced from Atlanta Field

QGEP Participações S.A. announced that it produced first oil from the Atlanta Field on May 02nd, 2018.

QGEP confirmed initial production from one well in the Atlanta Field, Operator of Block BS – 4 with a 30 % working interest. The well 7 – ATL – 2HP – RJS is still in the stabilization phase and the Field is expected to reach daily production of 20,000 barrels of oil later in the second quarter of this year, from two wells, The oil is being produced to the FPSO, Petrojarl I, and will be sold to Shell, who has contracted to purchase all of the production from the Atlanta Field’s Early Production System (EPS).

Located in Block BS – 4, in the Santos Basin, Atlanta is a post – salt oil field situated 185 kilometers from the city of Rio de Janeiro, in water depths of approximately 1,500 meters

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