Entrada, CFG Bridge to help UK firms do business in Brazilian oil sector
- Business & Finance
Aberdeen-headquartered Brazilian market specialist EntradaB2B has joined forces with CFG Bridge to facilitate farm-in opportunities for UK companies seeking access to the exciting Brazilian oil sector.
CFG Bridge, based in Rio de Janeiro, Bogota and London, claims it can access a number of farm-in opportunities in both the onshore and offshore sectors in Brazil and Colombia through an extensive contact network built up after many years involvement in the Oil &Gas industry.
Daniela Figueiredo, Director of CFG Bridge, commented “This is a very exciting time for Brazilian oil and gas operations. The high number of prospects identified in recent years through successful E&A drilling points to the potential for early production revenue for overseas investors interested in farm-in opportunities.”
“We are delighted to partner with CFG Bridge in this exciting venture”, said Jim Cargill, Entrada B2B’s local Director, “and look forward to assisting UK companies develop their interests in Brazil.”
The Brazilian oil and gas sector has been marked by major finds over the last 20 years with UK companies like BG establishing substantial positions alongside local operators. A number of International Oil Companies (IOCs) are already producing oil in Brazil with many others holding acreage.