Leading Brazilian independent Enauta has named former domestic upstream industry regulator boss Decio Oddone to replace chief executive Lincoln Guardado, who will be standing down after six years in the position.


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Oddone will join Enauta several months after cutting short his mandate as director general of Brazil’s National Petroleum Industry (ANP).

As head of Brazil’s industry regulator, Oddone won praise for re-establising the licensing calendar and introducing pro-market regulatory measures that increased investment flows and accelerated project execution.

Prior to joining the ANP, Oddone worked for Brazilian oil giant Petrobras, holding numerous executive positions covering South American operations.

He also worked for petrochemicals group Braskem and Prumo Logistica, a private sector company running the Port of Acu complex.

Guardado built his career in the exploration and production division of Petrobras, and was appointed chief executive of Enauta in 2012, when the company was still called Queiroz Galvao Exploracao e Producao (QGEP).

Enauta acquired and later sold a stake in Santos basin BM-S-8, where Equinor is now developing the Carcara pre-salt field

Enauta is producing in early-phase mode on Atlanta, a deep-water heavy oil field in the Santos basin, with full-scale development postponed due to the industry downturn that followed the Covid-19 pandemic.

Enauta has an extensive Brazilian exploration portfolio in partnership with ExxonMobil, Murphy Oil and others.