Alvopetro Energy (OTCMKTS: ALVOF) is a Canada‐based upstream oil and gas exploration and production company with a primary focus on Brazilian assets. The company specializes in the acquisition, development, and operation of onshore and nearshore hydrocarbon properties, positioning itself as a nimble operator in regions that offer high‐impact exploration potential alongside established production opportunities. By integrating geological expertise with cost‐efficient field operations, Alvopetro pursues value creation through both development drilling and appraisal activities.
The company’s flagship operations are located in the Potiguar Basin of northeastern Brazil, where it holds working interests in several producing fields. These onshore assets deliver steady cash flow from light oil production, which Alvopetro markets under medium‐term offtake agreements with national and regional offtakers. In addition to its onshore footprint, Alvopetro retains exploration acreage in the Sergipe–Alagoas Basin, offering upside potential through high‐impact seismic and drilling campaigns. The company’s technical team employs advanced reservoir modelling and horizontal drilling techniques to enhance recovery rates and manage costs.
Established in the early 2000s, Alvopetro transitioned from a pure exploration entity into a producer following the award of multiple concessions in Brazil’s regulatory rounds. The company went public to raise capital for drilling campaigns and has since completed several successful well‐development programs. Over the years, Alvopetro has built collaborative relationships with local service providers, government agencies and joint‐venture partners, helping streamline regulatory approvals and field operations in the region.
Alvopetro is led by Chief Executive Officer Brian Ward, whose background spans petroleum engineering and international E&P project management. The senior leadership team combines in‐country Brazilian operations expertise with North American capital‐markets experience, ensuring that the company maintains robust governance standards while executing its growth strategy. Alvopetro continues to evaluate bolt‐on acquisitions and strategic farm‐in opportunities to expand its production base and diversify its portfolio across complementary basins.
AI Generated. May Contain Errors.
Free ALVOF Stock Alerts