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Queiroz Galvão Exploração e Produção S.A.

Company Detail

Description

Queiroz Galvão Exploração e Produção (QGEP), a subsidiary of Brazilian firm Construtora Queiroz Galvão S.A., engages in the exploration, production and sale of oil, natural gas and their byproducts in Brazil. Founded in 2009, the company holds a portfolio of 13 assets located in eight Brazilian basins, from Foz do Amazonas to Santos Basin, including post-salt and pre-salt reservoirs. The company owns a 45% stake in the Manati offshore oilfield, which holds 13.5Bm3 of proven and probable natural gas reserves, while the Atlanta field in the Santos basin's BS-4 block is scheduled to begin production in mid-2016. A new gas compression unit is expected to raise production at the field by more than 20% to 5.5Mm3/d next year. Construction of the facility is 70% complete and is due to be concluded mid-year.

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