Brava Energia
Brava Energia is a Brazilian publicly traded oil and gas company formed through the merger of 3R Petroleum and Enauta, with a focus on production and the development and recovery of producing assets.
Last updated September 25, 2026
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Overview
Brava Energia is a Brazilian oil and gas company formed through the combination of 3R Petroleum and Enauta. The supplied company-history account says the companies agreed to a merger in April 2024 and that, after approval by Brazil’s Administrative Council for Economic Defense (CADE) in July, the company’s name changed to Brava Energia. The agreement also included the incorporation of Maha Energy. The source characterizes Brava as a publicly traded company. The company’s stated focus is oil and gas production, investment in producing assets, and the recovery and development of mature fields. Its approach is associated with efficient reservoir management and revitalizing fields already in production. The assets described in the source span offshore and onshore operations and include producing fields, concessions, and related infrastructure. Examples in the account include the Papa-Terra field and the Potiguar cluster, which comprises production concessions and associated facilities. Brava’s corporate history brings together several predecessor businesses and their assets. 3R Petroleum developed around the idea of redeveloping, rethinking, and revitalizing mature fields, while Enauta’s history traces back to exploration and production activities within Queiroz Galvão. Earlier corporate and asset histories also include Ouro Preto Óleo e Gás, which was renamed 3R Petroleum Óleo e Gás in 2020. The supplied material does not establish Brava’s headquarters, a single founding year or founder for the combined company, its current executives, or its present ownership breakdown.
History
Brava Energia’s corporate history combines the development of 3R Petroleum and Enauta, along with earlier corporate and asset histories described in the supplied account. The material presents Brava as the result of a merger rather than identifying a single founding date or founder for the combined company. One predecessor line begins with Ouro Preto Óleo e Gás. The source says the company was founded on 17 June 2010 under the legal name BN 37 Participações and subsequently changed names several times, becoming Ouro Preto Óleo e Gás S.A. in September 2012. Created by Rodolfo Landim, it pursued exploration assets onshore and offshore. From 2010 to 2014 it participated in licensing rounds held by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), securing blocks in the Barreirinhas, Parnaíba, and Recôncavo basins. In 2014 it acquired interests in companies held by El Paso in Brazil and acquired EP Energy do Brasil and EP Energy Pescada, adding interests in producing and developing assets. Between 2016 and 2019 it acquired assets from Petrobras as that company divested assets. In February 2020, Rodolfo Landim sold Ouro Preto to Starboard Restructuring Partners. In July 2020, the company acquired full concession interests for the Pescada, Arabaiana, and Dentão fields from Petrobras. A further predecessor line is 3R Petroleum, founded in 2014 by Ricardo Savini and Daniel Soares around the principles of redeveloping, rethinking, and revitalizing mature fields. In August 2019, Petrobras agreed to sell 3R seven fields in the Macau cluster in the Potiguar Basin. The source also says Starboard Asset acquired 93% of 3R that month. In August 2020, Ouro Preto Óleo e Gás changed its corporate name to 3R Petroleum Óleo e Gás S.A.; on 9 November 2020, 3R Petroleum Participações was incorporated into that company. 3R Petroleum completed an IPO on the B3 exchange on 12 November 2020, raising R$600 million, according to the supplied account. Enauta’s history traces to exploration and production activity within Queiroz Galvão Óleo e Gás. The supplied source describes the acquisition of interests in several Petrobras assets between 1998 and 2000, including blocks BC-7, BCAM-40, where the Manati field is located, and BS-3. Gas and condensate reserves were discovered at Manati in 2000, and natural gas production began there in 2007. Queiroz Galvão Exploração e Produção (QGEP) was created in 2010 after the decision to separate exploration and production from service activities. QGEP went public in 2011, raising R$1.52 billion. In that year it acquired pre-salt blocks BS-4 and BM-S-8, where it discovered the Atlanta and Carcará fields; Atlanta began production in 2018. QGEP announced its name change to Enauta in March 2019. The source says Queiroz Galvão transferred control of Enauta to creditors following debt conversions in 2023, and that Bradesco became the largest shareholder in March 2024, with a 26.2% stake. The source records major asset additions by 3R Petroleum before the Brava combination. In February 2022, Petrobras signed an agreement to sell the Potiguar cluster to 3R for US$1.38 billion. The package included 22 onshore and shallow-water production concessions and associated processing, refining, terminal, logistics, storage, transport, and offtake infrastructure. ANP approved the transfer in June 2023, and 3R assumed operation on 8 June 2023. In December 2022, the company bought Petrobras’s full interest in the Papa-Terra producing field in the Campos Basin; the source describes an upfront payment and possible contingent payments. The final step described is the combination that created the Brava Energia identity. On 2 April 2024, 3R Petroleum announced an incorporation agreement with Enauta Participações, also involving Maha Energy. In July 2024, CADE approved the merger with Enauta Energia, after which the company changed its name to Brava Energia. The supplied material does not specify a separate founding date, headquarters, current executives, current shareholder breakdown, or current exchange ticker for Brava Energia.
Ouro Preto Óleo e Gás is founded
3R Petroleum is founded
3R agrees to acquire seven fields in the Macau cluster
Ouro Preto is sold to Starboard Restructuring Partners
Ouro Preto adopts the 3R Petroleum Óleo e Gás name
3R Petroleum Participações is incorporated into 3R OG
3R Petroleum completes its IPO on B3
Petrobras signs the Potiguar sale agreement with 3R
3R acquires Petrobras’s full interest in Papa-Terra
3R assumes operation of the Potiguar assets
Products and positioning
An oil and gas producer focused on production, efficient reservoir management, and investment in and revitalization of producing and mature assets.
Oil and gas production
The company is described as focusing on producing oil and gas.
Producing-asset investment and recovery
The supplied source describes investment in and recovery of producing assets, with a focus on mature fields.
Reservoir and field development
The source characterizes the company as specializing in efficient reservoir management and development of mature fields.
Brand decisions
- Agreement to combine 3R Petroleum and EnautaOther
- Adoption of the Brava Energia corporate nameOther
Recent events
Ecopetrol completes acquisition of 51% controlling stake in Brava Energia[4]
Reported:
Ecopetrol, through its wholly owned subsidiary Ecopetrol Investimentos do Brasil Ltda., completed the acquisition of approximately 51% of the outstanding voting share capital of Brava Energia, following satisfaction of all applicable regulatory approvals and other conditions precedent. The transaction was completed through settlement of a voluntary tender offer on the B3 exchange for approximately 25% of Brava's shares and closing of a share purchase agreement dated April 23, 2026 for approximately 26% of Brava's shares, with aggregate consideration of approximately US$1.2 billion.
Sources5 sources
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