Brazil M&A: operator landscape grows
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
-
The rise of a new E&P class
- Opportunity pipeline: Petrobras’ divestment plan
- Buyer playbook: challenges and strengths
-
Case study
- Methodology: quantifying the upside
- Upside potential: beyond our base case valuation
- Support factors: reduced royalties
-
Corporate and above-ground risks
- Access to capital: surprisingly well-funded for now
- Capex commitments: quick paybacks despite sizable investments
- Decommissioning: framework remains murky
- Finding a market: reliance on Petrobras
- Environmental regulation: state-by-state approach for onshore
-
Sustaining the operator momentum
- Private equity: nothing is everlasting
- The Brazil model: learning from overseas
- Annex: quantifying the upside potential
Tables and charts
This report includes the following images and tables:
- Among the 10 assets we selected for this analysis, Albacora and Papa-Terra stand out
- We ran upside scenarios for the 10 assets below based on water depth, basin, maturity and size
- Recent upstream asset sales highlighting case studies
- Remaining NPV10 comparison for the selected assets under different Brent scenarios
- Gearing evolution for key E&Ps
- Payback time for selected assets before and after deal considerations
What's included
This report contains:
Other reports you may be interested in
Serra Da Fortaleza - Closed nickel operation
A detailed analysis of the Serra Da Fortaleza - Closed nickel operation.
$2,250Montney key play
Detailed analysis of Montney production, well design, economics, operator strategy and subsurface.
$22,800Eagle Ford Key Play
Detailed analysis of production, subsurface, well design and operator strategy
$22,800