INSUBCONTINENT EXCLUSIVE:
According to KPMG, the number of deals increased from 16 in 2023 to 26 in 2024.Domestic companies led this charge, completing 20
This jump highlighted a robust local energy sector that flexed its strength amid global changes.Two major deals stood out
Westlawn Americas Offshore acquired a 20% stake in the BS-4 concession from Enauta Energia for $301.7 million, gaining access to the Santos
Additionally, Enauta and 3R Petroleum merged to create Brava Energia, a $1.2 billion entity that produced over 100,000 barrels daily and
Broader trends supported this activity
Soar 62% in 2024, Fueled by Local Power Plays
(Photo Internet reproduction)Strategic Shifts Amid Global Energy PressuresPetrobras, the state-owned giant, invested $102 billion through
2028, blending traditional oil projects with low-carbon initiatives
77% of the deals in 2024, reflecting confidence despite global energy transition pressures
reserves surpassing 1 billion barrels, underscored the high stakes of these moves
Domestic players took the lead, betting on growth and efficiency
As production climbed and reserves expanded, Brazil reinforced its position in global energy markets, demonstrating ambition and strategic
agility in a dynamic year.
