QGEP Eyes Expansion

QGEP Eyes Expansion

Brazil M&A

Fresh off last month’s acquisition of an offshore block from Shell, Queiroz Galvao Exploracao e Producao (QGEP) is seeking opportunities to grow further. The E&P operation of the Queiroz Galvao Group, which was spun off from oil services provider Queiroz Galvao Oleo e Gas last year, still has about 65% of the war chest it raised in a BRL1.52bn April IPO, CFO Paula Costa tells LatinFinance. It also has about $170m per year in cash flow coming from its portion of an operating natural gas fiel

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