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
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
