The company is born as one of the leading independent companies in the sector, with a diversified portfolio and cash available for investment

The independent Brazilian oil and gas company resulting from the merger between Enauta and 3R Petroleum is called Brava Energia. The new name and brand were presented to the market this Friday, the 30th.

CEO Décio Oddone stated that, “The new name reinforces the company’s Brazilian identity, in addition to its courage in chasing after results. The brand highlights the attributes of a responsible, safe, effective, efficient, courageous, robust, agile and pragmatic company”.

Brava Energia has assets on land and at sea, within the upper, mid and downstream segments, in the states of Rio de Janeiro, Espírito Santo, Bahia, Rio Grande do Norte and Ceará. It is the independent Brazilian oil and gas company with the most diversified portfolio and the most wide-ranging operations.

With no defined controlling shareholder or single referenced shareholder, Brava Energia will be one of the few corporations in the country’s stock market.

The company’s focus will be on maximizing the expected results. Its immediate objectives are: to complete the implementation of phase I of the Atlanta development; expand production in Papa-Terra; capture the synergies provided by the merger of the two organizations; and to extract greater value from the onshore fields – while adopting a realistic view of the potential of the assets and seeking to increase profitability, not production volume.

The new company enters the market with competitive advantages and robust cash availability, which will allow it to evaluate new investment and business opportunities. A strategic plan, which is being prepared and should be presented by December, will outline the company’s vision and its planning for the next five years.