Sustainability Report ENEVA 2020 slide image

Sustainability Report ENEVA 2020

6.3.1 Upstream [GRI 102-16] In 2020, we maintained producing fields in the Parnaíba and Amazonas basins, with certified reserves (2P) of 31.8 billion bcm (billion cubic meters): an increase of 15% compared to 2019. The concession contracts for hydrocarbon exploration and production, on the other hand, comprised more than 64,000 additional square kilometers. Effective production for the year was 1.35 billion m³ of natural gas: a volume close to that produced in 2019 (1.4 billion m³ of natural gas). With this performance, in 2020 we were the largest private natural gas operator in Brazil. Our natural gas production capacity was 8.4 million m³ per day. In 2021, with the start of operations in the Amazonas Basin, natural gas production capacity will reach 9.0 million m³ per day. In January 2021, we published a report on reserve certification, updated for December 31st, 2020, and prepared by independent firm Gaffney, Cline & Associates. The document revealed an increase in 2P certified reserves of 3.3 billion m3 in the Parnaíba Basin and 2.2 billion m3 in the Amazon Basin. Considering the volume of natural gas produced in 2020, the total net increase in our reserves, compared to 2019, was 4.2 billion m³. The reserve replacement rate was around 240%. Another highlight in 2021 was the declaration of commerciality of the Fortuna accumulation (Gavião Belo Field), with an estimated Pmean volume of gas-in-place of 6.78 billion m³. We continue to focus our investments on exploration campaigns. In 2020, we finalized the acquisition of another 5,000 kilometers of 2D seismic, and drilled seven exploratory wells and eight development wells in the Parnaíba Basin. Prospecting areas have also been identified in the Amazon Basin and a development well has been drilled. Fact subsequent to the period covered by this report. ABOUT THIS REPORT LETTER FROM MANAGEMENT ABOUT FIGHTING ENEVA COVID-19 SUSTAINABILITY REPORT ENEVA 2020 INTELLECTUAL & ORGANIZATIONAL CAPITAL SOCIAL & MANUFACTURED HUMAN NATURAL CAPITAL CAPITAL RELATIONSHIP CAPITAL CAPITAL FINANCIAL CAPITAL APPENDICES GRI CONTENT INDEX SASB CONTENT INDEX PAGE 57
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