News Release : Brazilian Farm-Ins On The Cards
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, 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.
Date : 7 July 2014
Background and Notes :
An arrangement whereby an Operator buys in or acquires an interest in a lease owned by another Operator on which oil or gas has been discovered or is being produced. Often farm-ins are negotiated to help the original owner with development costs and to secure for the buyer a source of crude oil or natural gas. http://www.mineralweb.com/library/oil-and-gas-terms/farm-in-definition/
The attached photographs of Rio de Janeiro’s Cristo Redentor (Christ The Redeemer) statue are made available for use if required. Copyright of these photographs is held by Entrada and permission is hereby formally given for use of these photographs in connection with this press release.
Calibre International and Lonsal Representações, a Brazilian company, operate under the “Entrada” banner to help British and Brazilian firms partner on projects in Brazil’s booming oil & gas sector.
The full formal name of the jointly held local Brazilian company is “Entrada Consultoria Em Vendas E Marketing E Legalizacao De Estrangeiro Limitada” and trades under the names “Entrada do Brasil” and “EntradaB2B.com”.
Entrada has offices in both Aberdeen and Rio de Janeiro and is able to offer comprehensive assistance to UK service companies wishing to enter a growing market.
EntradaB2B.com features a free database of Brazilian and UK companies willing to offer their resources, exchange skills, expertise and technology to make the most of opportunities in the burgeoning energy market. The new website aims to provide clients with a ‘one stop shop’ of information and services. This is being continually developed with additional information and services.
It already features an Advice Centre, which includes briefings on legal issues from the leading Scottish law firm Brodies and financial and taxation issues from the independent chartered accountant Campbell Dallas and its Brazilian partner UHY Moreira.
CFG Bridge Ltd. is a Member of the Brazilian Chamber of Commerce, the ONIP Brazilian Organization of the Petroleum Industry (ONIP), and the Program for the Mobilization of the National Industry of Oil and Gas (PROMIMP). It was created in January 2013 by the Executive Luiz Octavio de Azevedo Costa and the Deputy Manager Daniela Figueiredo, who were the Heads of the International Business Development team of PETROBRAS in London. In April 2013, Marco Hupe joined the Executive Board and also as a Partner.
With operations in Colombia, Brazil and Argentina (expanding to Peru and Mexico), and offering services that deliver business expansion in Latin America, CFG Bridge works alongside European and Latin American companies seeking market penetration and local partners. CFG Bridge’s services range from sales representation to business modelling to total set-up. These services also include the support of a world-class law firm, a specialist in oil and gas with a global reach .
CFG Bridge Ltd. also has an influential array of Associates, experts with solid experience in different aspects of the market, especially in the different sectors of the Oil and Gas Industry.
For further information contact :
Entrada B2B (Aberdeen)
Tel : +44 (0)1224-511679
Mob : 07514-088766
Skype : jim.cargill
CFG Bridge Limited (London)
Tel : +44 (0)7943581838
Skype : danielavdefigueiredo