Salvador Energy Inc. is an oil and gas company based in Calgary, Alberta, Canada. The company focus is Brazil.
Brazil
Regional Background
Brazil's Oil & Gas sector was de-monopolized in 1995 allowing for the creation of the National Petroleum Agency (ANP) and the National Energy Council (CNPE) in 1997. Although the ANP has provided the oil & gas sector with significant opportunity through multiple exploration block bid rounds, the onshore production growth has been relatively flat in comparison to the offshore basins. In 2006 the first "Pre-Salt" discovery was made in the offshore Campos Basin which opened up massive oil reserve potential that Petrobras (Brazil's National Oil Company) is now focused on. Due to the intensive capital needed to develop these deep offshore reserves, Petrobras has now been mandated to sell off their producing fields and midstream infrastructure onshore as well as some offshore Post Salt Conventional fields. This is a game changer for small to medium sized oil companies wanting to enter Brazil's Oil & Gas sector. Independent oil companies are now establishing themselves quickly through production acquisitions. The Petrobras Monopoly has ended and the timing for entry has never been better!
The Opportunity
Salvador Energy's Management Team is a mix of Canadian and Brazilian Oil & Gas professionals with significant international experience. The Salvador Team has identified and evaluated several conventional asset portfolios held by independent operators onshore and in shallow waters offshore Brazil. An asset consolidation strategy has been implemented that will provide investors rapid growth with high IRRs.