Brazil’s Brava Energia Signs Oil Sale Contract with Trafigura

Brava Energia, a prominent oil and gas company in Brazil, has recently inked a significant contract with Trafigura, a global commodity trading group, for the sale of oil extracted from its Atlanta field located in the Santos Basin offshore Brazil.

Under this new agreement, Trafigura will receive a total of 6 million barrels of oil produced at the Atlanta field. Brava Energia holds an 80% interest in the field, with the remaining 20% owned by Westlawn.

The contract features flexible terms that include profit-sharing arrangements, access to specific markets for Atlanta oil, and competitive financing options. The pricing of the oil is linked to international low-sulfur bunker reference prices.

Brava Energia, formed through the merger of Enauta and 3R Petroleum in July 2024, welcomed a state-of-the-art floating production storage and offloading (FPSO) unit named Atlanta to the field last year. This new FPSO, with a production capacity of 50,000 barrels per day and a storage capacity of 1,200,000 barrels, replaced the older Petrojarl I unit that had been operating at the field since 2018.

The successful commencement of oil production from the new FPSO was achieved on December 31, 2024, as confirmed by Brava Energia and Yinson Production, the unit’s owner, ten days later.