“Renewable Energy Will Grow on Brazilian Soil, but We Will Still Need Oil,” Says CEO of Enauta

Enauta’s CEO States That the Company Is in a New Phase of Growth, but Already Sees a Promising Future for Brazil with the Growth of Renewable Energy and the Oil Market.

Enauta is experiencing a growth phase in the oil and gas market, undergoing transformation and changing its strategy, already aiming at the global energy transition landscape towards renewable energy sources.

See Also

• Petrobras Engineer Receives International Award for Pioneer Use of FPSO Platforms
• Enauta CEO Talks About New Businesses and FPSO Contracts
• Enauta Announces the Start of Production in Its Third Well at the Atlanta Field
• Petroleum and Mechanical Engineering Students from POLI-UFRJ Win International Award for the 6th Time
• Sergipe Basin Expected to Receive Drilling by ExxonMobil as Early as 2020

Enauta’s CEO Wins Award at the Best of the Stock Exchange 2020 Event

Enauta’s CEO, Décio Oddone, participating in the Best of the Stock Exchange 2020 event by Infomoney and Stock Pickers, wins as the best company in gas and oil, standing out with the main focus of preserving cash and conducting large studies before oil field operations, which quickly brought a good positioning for the company in the renewable energy segment in recent years.

“This award came at a good time, bringing a lot of positivity for us. While the market is renewing itself and moving towards renewable energy, the company is too,” says the president of Enauta during the online event, which will extend until Thursday, the 26th.

Oddone Says There Are No Productivity Risks for His Company

Oddone made a comparison with the former OGX of businessman Eike Batista, which initially seemed promising but began to show multiple failures in its production fields, and states that this risk is non-existent for his company, especially now with the arrival of renewable energy in the Brazilian market.

According to Enauta’s CEO, what happened in the past was a wave of IPOs in gas and oil, and Enauta was and is the only company that survived this period.

Enauta’s CEO Highlights That the Company’s Focus in Recent Years Has Been to Maintain Cash and Invest in Renewable Energy

Oddone emphasizes that the company’s focus in recent years has been to maintain its cash. “Enauta will not waste cash on oil fields that may be empty,” he asserts, recalling that between 2011 and 2013 there were no opportunities for acquisition in the renewable energy niche, as almost all fields were owned by Petrobras.