Timeline

2026

• Commercial declaration of the Colinas accumulation, in the Parnaíba Basin;
• Completion of Eneva’s 14th Debenture Issuance, totaling R$ 2.4 billion;
• Certification of Reserves in the Parnaíba Basin as of December 2025, with 2P Reserves of 33.9 bcm of natural gas and 1.57 MMbbl of Condensate;
• Successful bid in the 2026 Capacity Reserve Auction (power modality), with the recontracting of 1.70 GW related to the Parnaíba I, Parnaíba III, Itaqui and Pecém II thermal power plants, in addition to the addition of 3.65 GW of new capacity to be built, referring to new projects; and
• Execution of a share purchase agreement for 100% of the share capital of Pecém II, whose closing remains subject to certain conditions precedent customary for this type of transaction.

2025

• Start of commercial operation (COD) of 100% of the Natural Gas Liquefaction Plant, in the Parnaíba Complex, already 100% contracted;
• Start of commercial operation (COD) of Parnaíba VI;
• Approval of investment in the Expansion of the Parnaíba Gas Liquefaction Capacity; and
• Start of operations with Eneva Explorer, Eneva’s first owned drilling rig.

2024

• Start of construction works on the Azulão 950 project;
• Launch of Natural Gas Trading Desk;
• Partnership with Scania and VirtuGNL to develop the first LNG logistics corridor in Latin America;
• Certification of Reserves and 2P Contingent Resources of Parnaíba, Amazonas and Solimões Basins as of December 2023:

  • Parnaíba Basin: 37,6 bcm of 2P Reserves and 2,2 MMbbl of Condensate
  • Amazonas Basin: 10,0 bcm of 2P Reserves and 9,5 MMbbl of Condensate
  • Solimões Basin: 24,0 MMbbl of 2C Contingent Resources
• Declaration of Commerciality of discoveries of Lago dos Rodrigues, in the Parnaíba Basin and of Anebá and Silves, in the Amazonas Basin. 
• Completion of parent-subsidiary mergers of Celse – Centrais Elétricas de Sergipe S.A., DC Energia e Participações S.A., FC One Energia Ltda., Focus Energia Ltda. and Platinum Comercializadora de Energia Participações Ltda. into Eneva SA.A.;
• Signing of a natural gas supply agreement with Copergás, Linhares Geração S.A.. and Termopernambuco TPPs.
• Primary Public Offering of Shares totaling R$3.2 billion.
• Acquisition of 100% of Linhares, Povoação, Tevisa and Gera Maranhão TPPs;
• Completion of Eneva’s 13th Debenture Issuance, totaling R$ 838 million; and
• Completion of GNL Brasil´s 1st Debenture Issuance, totaling R$ 100 million.

2023

• Mr. Lino Cançado took office as the new CEO;
• Execution of the first LNG storage operation at the FSRU of the Sergipe Hub
• Start of Commercial Operation of Futura 1 Solar Complex;
• Certification of Reserves and 2P Contingent Resources of Parnaíba, Amazonas and Solimões Basins as of December 2022:
  • Parnaíba Basin: 33.1 bcm of 2P Reserves and 0.3 MMbbl of Condensate. Additionally, in the Lago dos Rodrigues DEP Contingent  Resources (2C) of 0.33 bcm of natural gas were certified
  • Amazonas Basin: 14.5 bcm of 2P Reserves and 5.5 MMbbl of Condensate. Additionally, in the Anebá DEP Contingent  Resources (2C) of 2.01 bcm of natural gas, 1.72 MMbbl of condensate, 4.34 MMbbl of oil and 0.20 bcm of associated gas were certified
  • Solimões Basin: 24,0 MMbbl of 2C Contingent Resources
• Completion of  Eneva S.A.´s 11th Debenture Issuance, totaling R$ 5 billion.

2022

• Certification of Reserves and Contingent Resources of Parnaíba, Amazonas and Solimões Basins as of December 2021:
• • Parnaíba Basin: 29.45 bcm of 2P Reserves, as well as Contingent Resources (P50) of 2.13 bcm of natural gas and of 0.88 MMbbl of oil
  • Amazonas Basin: 14.8 bcm of 2P Reserves and 4.7 MMbbl of Condensate. Additionally, in the Anebá DEP Contingent  Resources (2C) of 5.4 bcm of natural gas, 4.0 MMbbl of condensate and 7.0 MMbbl of oil were certified
  • Solimões Basin: 20,9 bcm of 2P Reserves
• Success in the 2nd Reserve Auction of Capacity in the form of Energy with the TPP Azulão II project, which will be implemented in the vicinity of the Azulão Field, in the Amazonas Basin;
• Completion of the merger of Focus Energia into Eneva S.A., whose business combination will allow the Company to leverage its trading capabilities in the free market;
• Acquisition of CELSEPAR, whose main operating asset is TPP Porto de Sergipe I, a gas-fired plant located in the state of Sergipe. The plant is fully contracted in the regulated environment until December 2044;
• Acquisition of CGTF – Central Geradora Termelétrica Fortaleza, whose main operational asset is UTE Fortaleza, a gas-fired plant, located in the state of Ceará;
• Celebration of contracts for the supply of liquefied natural gas (LNG) to the industrial facilities of Suzano and Vale, in the state of Maranhão, valid for 10 years and 5 years respectively, as from the start of commercial supply. With the contract, the Company expands its activities to include the commercialization of LNG on a small scale (SSLNG);
• Completion of  Eneva S.A.´s 8th Debenture Issuance, totaling R$ 2 billion;
• Completion of  Eneva S.A.´s 9th Debenture Issuance, totaling R$ 1,9 billion;
• Declaration of Commerciality of the 11th natural gas field in the Parnaíba Complex, the Gavião Mateiro Field, with an estimated gas-in-place (Pmean) of 5.62 bcm;
• Election of the new CEO Mr. Lino Cancado, effective in January 2023;
• Start of commercial operation (COD) of the Parnaíba V TPP; and
• Election of the new Chief Executive Officer, Mr. Lino Cançado, taking office in January 2023.

2021

• Certification of Reserves of the Parnaíba Basin as of December 2020, with 2P Reserves of 26.0 bcm of natural gas
• Certification of Reserves and Contingent Resources of Amazonas and Solimões Basins as of June 2021:

• • Amazonas Basin: 6.3 bcm of 2P Reserves, as well as Contingent Resources (P50) of 5.8 bcm of natural gas
  • Solimões Basin: Contingent Resources (P50) of 20,9 bcm of natural gas

• Declaration of Commerciality of the Gavião Belo Field, with an estimated gas-in-place (Pmean) of 6.78 bcm;
• Company’s shares split in the proportion of 1:4;
• Signed the Business Combination Agreement between Eneva and Focus Energia; and
• Success in Aneel’s 1st Capacity Auction with the sale of the product power of two plants.

2020

• Certification of Reserves of Parnaíba and Amazonas Basins as of December 2019:
• • Parnaíba Basin: 24.1 bcm of 2P Reserves of natural gas
  • Amazonas Basin: 3.6 bcm of 2P Reserves of natural gas
• Sale of Eneva’s entire stake in Seival Sul Mineração;
• Completion of Eneva S.A.´s 4th Debenture Issuance in the amount of R$ 410 million;
• Completion of  Eneva S.A.´s 5th Debentures Issuance in the amount of R$650 million;
• Completion of  Eneva S.A.´s 6th Debentures Issuance in the amount of R$948 million; and
• Acquisition of 7 exploratory blocks in the onshore basins of Amazonas and Paraná, and the Juruá field in the Solimões basin.

2019

• Certification of Reserves of Parnaíba and Amazonas Basins as of December 2018:
• • Parnaíba Basin: 21.4 bcm of 2P Reserves of natural gas
  • Amazonas Basin: 3.6 bcm of 2P Reserves of natural gas
• Successful Secondary Stock Offering (R$18.25 per share);
• Success in Aneel’s 1st Auction of the Isolated System;
• Start-up of works on the Azulão-Jaguatirica integrated project;
• Success in Aneel´s New Energy Auction A-6 of 2019 with Parnaíba VI Project, closing the cycle of Parnaíba III;
• Increase of physical guarantee of the TPPs Parnaíba I and III in the A-2 Auction.
• Completion of  Eneva S.A.´s 2nd Debentures Issuance in the amount of R$ 2 billion;
• Completion of  Eneva S.A.´s 3rd Debentures Issuance in the amount of R$ 650 million; 
• Completion of Parnaíba I´s 1st Debentures Issuance in the amount of R$ 866 million;
• Early payment of the total debts of the Judicial Recovery; and
• Acquisition of 6 onshore exploration blocks in the Parnaíba Basin in the 1st round of ANP Open Acreage.

2018

• Certification of Reserves of  the Parnaíba Basin as of December 2017, with 18.8 bcm of 2P Reserves of natural gas
• Acquisition of 50% of Pecém II held by Uniper, for R$50 million;
• Completion of  Parnaíba II´s 3rd Debentures Issuance in the amount of R$ 750 million;
• Completion of  Eneva S.A.´s 8th Debentures Issuance in the amount of R$ 2 billion; 
• Success in Aneel´s New Energy A-6 Auction of 2018 with Parnaíba V Project, closing the cycle of Parnaíba I;
• Declaration of Commerciality of Gavião Tesoura Field.
• Restructuring of the Natural Gas Segment (PGN).

2017

• Certification of Reserves of  the Parnaíba Basin as of April 2017, with 18.5 bcm of 2P Reserves of natural gas
• Acquisition of 5 onshore exploration blocks in the Parnaíba Basin in the ANP’s 14th round.
• Acquisition of the onshore Azulão Field, in the Amazonas Basin.
• Re-IPO R$ 0.9 billion.

2016

• Merger between PGN and Eneva;
• Start of commercial operation of the Parnaíba II TPP; and
• Judicial Recovery ended after 1.5 years.

2015

• Capital injection of R$ 3 billion through asset contribution, credit capitalization and in cash;
• Significant changes in the shareholder structure;
• Acquisition of 7 onshore exploration blocks in the Parnaíba Basin in the 13th ANP round;
• Declaration of Commerciality for 4 new fields;
• Start of works to expand production capacity; and
• Cambuhy’s additional investment of R$ 350 million.

2014

• Sale of 50% of Pecém II to E.ON for R$ 400 million;
• Agreement of Parnaíba II with ANEEL to postpone PPA until 2016 (Conduct Adjustment Commitment Term – TAC);
• Sale of Eneva’s total stake in Pecém I (50%) to EDP for R$ 300 million;
• Judicial Recovery Request; and
• New Board of Directors and Executive Board.

2013

• Start of commercial operation (COD) of the Itaqui, Pecém II, Parnaíba I, Parnaíba III and Parnaíba IV plants;
• Cambuhy’s investment in OGX Maranhão;
• Name of OGX Maranhão changed to Paranaíba Gás Natural (PGN);
• First commercial gas production; and
• MPX’s corporate name changed to Eneva.

2012

• Joint-venture with E.ON;
• Start of commercial operation of the Pecém I TPP; and
• Authorization for the start of natural gas production and outflow at the Gavião Real and Gavião Azul fields. Gavião Real was the 1st field to operate for commissioning of thermoelectric turbines (24 months from wildcat to production).

2011

• Success in Aneel´s A-3 Auction with Parnaíba II Project.

2010

• Start of the drilling campaign;
• Acquisition of a 50% stake in Block PNT-102 (2010/2011); and
• First discovery of natural gas.

2009

• Acquisition of 7 onshore exploratory blocks in the Parnaíba Basin;
• Founded OGX Maranhão to operate E&P activities in the Parnaíba Basin; and
• Start of the natural gas exploration campaign.

2008

• Success in Aneel´s A-5 Auction of 2018, with the Project Porto do Pecém II TPP.

2007

• IPO: R$ 2 billion.