In September 2026, Azevedo & Travassos Energia S.A. (AZTE3) reported total production of 874 barrels of oil equivalent (boe), representing a 10.2% increase in total production available for sale compared to August 2026. The average total daily flow of oil equivalent was 69 barrels of oil equivalent per day (boe/d) in the period.
In September 2026, the average daily oil flow at the Phoenix Cluster was 26 barrels per day (bbl/d), while the Andorinha Field recorded an average daily flow of 41 bbl/d. The average total daily gas flow reached 336 cubic meters per day (m3/d), compared to 461 m3/d in August and 3,260 m3/d in July 2026.
After the approval of the merger of Andorinha Energia Ltda. into Azevedo & Travassos Energia S.A., the company began activities to reactivate the Andorinha Field. In early September 2026, inspections, maintenance and upgrades were carried out at the Andorinha Field Gathering Station and on the oil production and water injection pipelines.
On September 25, 2026, the company conducted an intervention with a workover rig in well AND-3 to restore a potentially oil-producing interval in the Alagamar Formation. The operation resulted in an initial oil flow of 41 bbl/d, and the well has been in a testing and productivity assessment phase since September 29, 2026.
The company also reported that Phoenix is still in negotiations with local gas distributors to obtain better prices for the offtake of its production.
