Brazil offers a compelling landscape for oil and gas investment, combining prolific basins with established infrastructure and a mature regulatory framework. As Latin America’s largest producer, Brazil continues to attract capital across both offshore and onshore opportunities, including brownfield redevelopment and near-infrastructure drilling. Brazil stands out as a competitive, scalable destination for E&P investment.
Brazil
Overview
Vultur Oil
Corporation has signed a farm-in MOU with Vultur Oil to participate in two onshore blocks in Brazil’s Recôncavo Basin (REC-T-107 and REC-T-108).
Vultur / Recôncavo Basin Highlights:
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Assets: REC-T-107 and REC-T-108 (onshore, Bahia, Brazil);
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Purchase Price: US$5 million in exchange for a 15% working interest, with an option to invest an additional US$5 million for a further 17.5% working interest (32.5% total)
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Reservoirs: Candeias, Água Grande, Sergi
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Current Production: 700 boepd.
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2025 activity: GREN re-entry & stimulation in Candeias; initial results include ~36° API oil and reported 1P volumes up to ~100 kbbl to date
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Adjacency: Next to Petrobras’ Araçás field (≈5.9 MMboe since 2012; ~60% oil)
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Unitization claim (gross): ≈US$20 million vs. Petrobras (process ongoing)
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Gas upside (gross): Legacy gas shows; nearby Biriba >42 Bcf produced; Vultur estimates ~325 Bcf (P50) within the blocks (not included in financial projections)
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