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PetroReconcavo
PetroReconcavo is a Brazilian independent oil and gas company specializing in the acquisition, revitalization, and development of mature onshore oil and gas fields. Its core strategy involves optimizing production, reducing operational costs, and extending the economic life of these assets, primarily in the Northeast region of Brazil.
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Oil & Gas CompanyOperatorDeveloperInvestor
Strategic Overview
- Focus on acquiring and revitalizing mature onshore oil and gas fields in Brazil.
- Key strategy involves acquiring assets from Petrobras' divestment program.
- Emphasis on operational efficiency, cost reduction, and extending the economic life of acquired assets.
Deal History (1)
Deal Activity from Public Sources
Acquisition of the Potiguar Cluster (26 onshore production concessions) from Petrobras
Acquisition of the Remanso Cluster (14 onshore production concessions) from Petrobras
Acquisition of the Miranga Cluster (9 onshore production concessions) from Petrobras
Investment Focus
Technologies
Gas1
Geography
Brazil1
Key People
Marcelo José Magalhães Batalha
CEO
Rafael Novaes
CFO
João Vitor Moreira
COO
Carlos Alberto de Oliveira
IR Director
Track Record
3
Deals Completed
24
Years Active
$M1,520M
Total Value
Notable projects: Potiguar Cluster, Remanso Cluster, Miranga Cluster
Detailed Analysis
Technologies
Geographies
Deal Stage