SAO PAULO, Jan 1 (Reuters) - Brazilian energy company

Brava Energia said on Wednesday it started oil

production on Dec. 31 at its FPSO Atlanta, located in the field

of the same name, in the Santos Basin, and has stabilized at

about 20,000 barrels per day.

Brava Energia is now the first independent oil and gas

company in Brazil to develop a deepwater production system from

the initial phase.

The company said in a press statement that it plans to

invest around $1.2 billion in the project. The FPSO Atlanta has

the capacity to produce up to 50,000 barrels of oil per day.