Its roles Owner Investor / Financier
IBV Brasil Petróleo Limitada (IBV Brasil) is a Brazilian oil and gas exploration and production company headquartered in Rio de Janeiro. Incorporated on December 26, 2005, it operates primarily in offshore basins including Sergipe-Alagoas, Campos, Espírito Santo, and Potiguar.
Originally formed as a 50-50 joint venture between subsidiaries of India's Bharat PetroResources Ltd and Videocon Industries Ltd to acquire assets from Encana Brasil, IBV Brasil holds participating interests in several concession blocks. Notably, it owns a 40% stake in BM-SEAL-11, operated by Petrobras (60%), where recent discoveries include light oil in fields such as Agulhinha, Palombeta, Farfan, and Cumbe.
IBV Brasil is involved in Petrobras' SEAP I project in the Sergipe-Alagoas Basin, targeting high-quality light oil reservoirs. The company focuses on exploration, drilling, and production activities in deepwater environments.
Also known as IBV Brasil Petróleo LTDA and Ibv Brasil Petroleo Ltda.
chemXplore tracks 2 projects involving IBV Brasil, of which 2 are active.
Closest to start-up first.
16 modular skids for two FPSOs include gas turbines and compressor trains; first package due end‑2027, production slated for 2030 and gas exports in 2031.
Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
Net profit R$32.7bn; adjusted EBITDA R$59.6bn; investments R$26.8bn. Production and refining records supported cash generation and higher derivatives output.
SEAP II FID had been approved earlier. SBM Offshore to build two BOT FPSOs with combined 240,000 bbl/d and 22 MMm3/d gas. Contract signing May 2026; production ~2030/2031; investment >R$60bn.
active all projects
