American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Alvopetro Energy: Leading Independent Upstream and Midstream Gas Developer in Brazil

by admin July 9, 2024
July 9, 2024
Alvopetro Energy: Leading Independent Upstream and Midstream Gas Developer in Brazil

Alvopetro Energy (TSXV:ALV;OTCQX:ALVOF) is a pioneering independent natural gas producer in Brazil, and was the first company to deliver sales-specified natural gas onshore into the local distribution network, which the state oil company previously dominated. This marked the beginning of a new era in Brazil’s gas market.

Alvopetro is an independent upstream and midstream operator that engages in the acquisition, exploration, development and production of natural gas and oil. The company’s interests in the Caburé and Murucututu includes Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which cover an area of over 22,000 acres in the Recôncavo basin onshore Brazil.

The company’s flagship Caburé asset (56 percent Alvopetro) delivers the majority of Alvopetro’s current production. The project is a joint development (the unit) of a conventional natural gas discovery across four blocks, two of which are held by Alvopetro and two of which are held by its partner, with Alvopetro’s working interest being 56.2 percent following the first redetermination. The unit currently includes eight existing wells, with all production facilities already in place. The resource is well defined with 3D seismic surveys, particularly on the eastern side of a main bounding fault that runs roughly north-south through the Caruaçu formation. The company plans to drill an additional five wells in late 2024 and early 2025 to further improve the productive capacity of the field.

Company Highlights

  • Alvopetro is a leading independent upstream and midstream gas operator in the state of Bahia, Brazil.
  • The company’s strategy is focused on unlocking Brazil’s on-shore natural gas potential, building off the development of its Caburé and Murucututu natural gas fields strategic midstream infrastructure.
  • Over 95 percent of Alvopetro’s production is from natural gas and the company has a 2P reserve base of 9.6 MMboe.
  • The company boasts high operating netbacks and profitability per unit of production, setting it apart from its Latin American and North American peers. The state of Bahia boasts a favorable fiscal regime with low royalties and a 15 percent income tax rate.

This Alvopetro Energy profile is part of a paid investor education campaign.*

Click here to connect with Alvopetro Energy (TSXV:ALV) to receive an Investor Presentation

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
WOA Proprietary Technology Successfully Adapted to Produce Pea & Faba Protein Isolates
next post
RUA GOLD permit and access extended for five years at the high grade Reefton Project and the Company targets Murray Creek in the near-mine drilling program

Related Posts

Canadian North Resources Inc. Provides an Update on...

April 4, 2024

Pi Network price analysis: a risky pattern emerges

April 14, 2025

Altech – Results of Share Purchase Plan

May 21, 2024

Stocks in the news today: TSM, UNH, BAC,...

January 18, 2025

5 reasons the S&P 500 and the SPY...

December 3, 2024

EV Winter? West Still Lagging Behind China as...

July 17, 2024

Tesco share price has crashed: will it go...

March 26, 2025

Crypto price prediction: Ravencoin, AB token, Keeta

June 8, 2025

USD/JPY forecast: Japanese yen, a safe haven currency,...

April 7, 2025

Rio Tinto Delivers Resilient Q1 Performance, Commits to...

April 20, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved