With R$ 2 billion, Enauta plans to purchase fields

The CEO of Enauta, Décio Oddone, said in an interview, last Wednesday (21), that the oil company has about R $ 2 billion available in cash and accounts receivable and plans to use the amount for the purchase of fields on land and on the coast of the country. 

Oddone explained that while the pandemic-induced slowdown has reduced profit margins across the industry, this could be a time for smaller companies to make money from mature oil fields that are no longer interesting to large companies like Petrobras.

In recent years, Enauta has disintegrated its holdings in a deepwater field and a natural gas project, and is seeking to rebuild its portfolio, the CEO said.

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