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
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
