OTC 2026: Brava Energia becomes first Brazilian independent to claim Distinguished Achievement Award
Brava Energia has received the 2026 OTC Distinguished Achievement Award for Companies, becoming the first independent Brazilian operator to earn this recognition.
OTC highlighted Brava’s leadership in developing the Definitive Atlanta System, a deepwater production project in Brazil’s Santos Basin that progressed from an early‑stage greenfield concept to a fully operational asset.
- 2018 – Production startup of the pilot system
- 2022 – Approval of Phase 1 of the definitive system
- 2022 – Drilling new wells for the definitive system
- 2024 – Production startup of the definitive system
- 2025 – Approval of Phase 2 of the definitive system
- 2025 – 40 MMbbls produced
Brava (formerly Enauta, following its merger with 3R Petroleum) advanced the project step by step, beginning with a pilot system launched in 2018 and continuing through the uncertainties of the COVID‑19 pandemic before approving more than R$6 billion (US$1.1 billion) for the full development phase in 2022.
The Atlanta Definitive System, operational since December 2024, represents a major scaling milestone for the company. The FPSO Atlanta can produce up to 50,000 barrels of oil per day and store 1.6 MMbbl, anchoring Brava’s long‑term production strategy and enabling the field to reach international benchmark status, the company reported.
The project’s execution relied on a broad network of suppliers, including Yinson, OneSubsea, Baker Hughes, Sapura, Prysmian and Constellation, which Brava said illustrates its capability to manage complex, multi‑partner deepwater developments.
The OTC award also acknowledges Brava’s advances in deepwater engineering, operational resilience and project execution, elevating the company into a select group of operators recognized for technical excellence. Atlanta’s development has drawn new international investment as well, including a 2024 partnership with US firm Westlawn, which acquired a 20% stake in the field—the first foreign company to enter the Brazilian upstream market in five years.
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