Brazilian oil and gas company Enauta may soon change the face of Latin American fossil fuels by establishing an independent oil and gas company with 3R Petroleum Óleo e Gás. This is the most recent of several ambitious moves by Enauta to expand its oil and gas operations in Brazil. In recent months, the firm has signed several contracts to acquire stakes in multiple offshore oilfields in the region, thereby boosting its production capacity.
” Enauta explained, “The transaction will lead to state-of-the-art governance, with diversified reference shareholders, a predominantly independent board of directors with an experienced executive team. There will be growth opportunities in offshore and onshore operations, mitigating operational, geological and regulatory risks, complementarity in teams, talent attraction and retention and strong adherence to ESG principles.