Alvopetro eyes expanding Brazilian gas market
The company has plenty of onshore growth opportunities to match its midstream capacity and increase its stake in the country’s upstream
Calgary-based Alvopetro may not have cracked Brazil’s top-ten largest oil and gas producers just yet. But the firm is the first independent to sell directly to local gas distribution and has a backlog of upstream and midstream growth prospects to draw upon. The company operates in Brazil’s oldest producing basin—the onshore and deepwater Reconcavo basin in the northeast of the country—and since splitting from Colombia-focused Petrominerales in 2013 has cherrypicked blocks in the basin over five licensing rounds. “Cabure is a very high-value asset, especially for a gas asset, given the high price realised” Kapadia, Hannam & Partners Production growth from the flagship onshore
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy