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.
To provide comprehensive coverage, we aggregate data and news under the name IBV Brasil, encompassing the following company names, divisions, and related entities:
IBV Brasil Petróleo LTDA and Ibv Brasil Petroleo Ltda.
This list encompasses current and former names, alternate names, and key divisions associated with IBV Brasil, ensuring you can easily find all relevant information under a single, unified profile.
