Brazilian independents are expected to see substantial growth over the next decade
Brazilian indies enter rapid production growth phase
M&A activity may have slowed in recent months, but turbocharging production is the new goal for the country’s emerging independents
Brazil’s expanding roster of independent E&Ps are having a strong year. Production is rising, their portfolios are growing rapidly due to NOC Petrobras’ divestment drive and substantial growth is expected over the next decade. Cherry-picking non-core and maturing assets is just the beginning for the country’s indies. And while consolidation may have stalled, the immediate priority for firms is reversing production declines and kickstarting capex on upstream revitalisation. “Some Brazilian indies managed to increase production in the last quarter, and this is likely to continue to be the case in the coming months, as these companies are now reaping the benefits of ongoing workover program
Also in this section
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
