By Brazil Stock Guide – Brava Energia has launched a new offshore drilling campaign targeting its Papa-Terra and Atlanta fields, marking a key step in the company’s strategy to expand production and improve operational efficiency. The initiative involves drilling four new wells and is expected to run through the first quarter of 2027.
The campaign will be carried out using the Lone Star ultra-deepwater drilling rig, operated by Constellation. According to the company’s schedule, the first two wells will be drilled in the Papa-Terra field between March and September, with the rig set to move to the Atlanta field in October to drill the remaining wells.
Brava Energia expects first oil from the new Papa-Terra wells in the fourth quarter of 2026, while Atlanta is projected to begin production in the second quarter of 2027. The company is allocating 65% of the campaign’s capital expenditure to Atlanta and 35% to Papa-Terra.
“With the implementation of these new wells, we will advance in capturing value from our assets by increasing production, maximizing the efficiency of existing infrastructure and reducing cost per barrel, reinforcing the resilience and competitiveness of our portfolio,” said Carlos Travassos, offshore operations director at Brava Energia.
The project involves a range of service providers, including McDermott (MDR), SLB (SLB), Baker Hughes (BKR), OneSubsea and Prysmian (PRYMY). Papa-Terra, located about 110 kilometers off the coast of Rio de Janeiro, operates in water depths of roughly 1,200 meters and produces heavy oil. Atlanta, in deeper waters of around 1,500 meters, is operated by Brava Energia with an 80% stake alongside Westlawn Americas Offshore.
The campaign follows a record production year in 2025, when Brava Energia exceeded 80,000 barrels of oil equivalent per day, reinforcing its growth strategy in Brazil’s offshore sector.
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