According to the company, the combined group would be one of the largest and most diversified oil and gas independents in Latin America with a five-year high organic growth portfolio.
The combined production would exceed 100,000 boe/d, with 2P reserves of more than 700 MMbbl.
Enauta is developing the Atlanta oil field in the Santos Basin offshore Brazil and is targeting startup in August. 3R specializes in the redevelopment of mature offshore and onshore fields.