By Brazil Stock Guide – Brazilian oil producer Brava Energia (B3: BRAV3) has started drilling two new wells at its Atlanta field in the Santos Basin, marking another step in its offshore expansion strategy as the company targets additional production in 2027.
Drilling began on Monday, Nov. 9, according to Brasil 247. The operation is part of Brava’s development schedule to increase production capacity and maximize the value of its offshore assets.
The company expects to connect the new wells during the first quarter of 2027, with initial oil production scheduled for the second quarter.
Lone Star rig moves from Papa-Terra to Atlanta
Brava deployed the Lone Star drilling rig to Atlanta after completing operations at its Papa-Terra field, where two wells were drilled as part of the company’s offshore development program.
At Papa-Terra, the PPT-52 well has already entered production, while PPT-53 is ready to begin operations once the necessary regulatory approvals are secured.
The relocation allows Brava to use the same drilling infrastructure across both fields, reducing logistical complexity and supporting its efforts to control development costs.
The integrated approach is designed to improve operational efficiency while maintaining financial discipline in the allocation of capital to new production projects.
Brava targets first oil in second quarter of 2027
Carlos Travassos, Brava’s Offshore Operations Director, said the start of drilling at Atlanta represents an important milestone in the company’s growth plans.
“The start of drilling at Atlanta marks another very important phase in our growth. We are bringing to this campaign all the experience and lessons learned at Papa-Terra, mobilizing experienced professionals and contracts that have already been optimized,” Travassos said.
The executive emphasized that the company remains committed to its development schedule, with well connections planned for early 2027.
“With drilling operations underway, we remain strictly focused on the plan to connect the wells in the first quarter of 2027 and achieve first oil in the second quarter,” he said.
The Atlanta drilling program represents the next stage in Brava’s offshore development activities, following the completion of its drilling campaign at Papa-Terra.
With PPT-52 already producing and PPT-53 awaiting regulatory clearance, the company is advancing its next two wells while maintaining its focus on operational execution, cost efficiency and capital discipline.
The planned startup of the Atlanta wells in the second quarter of 2027 is the next major production milestone in Brava’s offshore development schedule.
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