History

Following a strategy for consistent growth that will put us among the top three Brazilian oil and gas production companies by 2020, Queiroz Galvão Exploração e Produção (QGEP) is ready for the expansion of the oil segment in Brazil. By combining know-how, competence and detailed project assessment, QGEP has continually held a prominent position amongst companies within this segment in Brazil.

QGEP’s pioneering spirit and operational capacity can be observed in its historical activities. The company has taken part in the discovery of the Manati Field, one of the largest non-associated natural gas producers, located in northeast of Brazil. QGEP is also present in the Santos Basin, with the operation of the Atlanta Field, an asset already development, with the first oil expected for 2018, it which combines innovative technologies and overcome geological challenges. Looking the future, it holds a stake in exploratory blocks along the Brazilian coast in areas with high maturity level, as well as in bordering regions. It has a 30% stake in four exploratory blocks with high potential in the Sergipe-Alagoas Basin - region with a high geological success rate, all of which are close to the major oil discoveries in ultra-deep waters notified to the ANP in 2015.

In order to maintain and expand the level of excellence QGEP has continually upgraded its programs in employee training, attracting high quality new recruits, and the use of the latest technology to allow for continuous growth.

You can click here to access the interactive timeline for more information on the main historical facts related to oil from all over the world, including Brazil and Queiroz Galvão Exploração e Produção.

As part of its strategy for diversification, the Queiroz Galvão Group first undertook operations in the oil and gas sector in 1980, as a service provider for well-drilling services. In 1997, after changes in the Brazilian legislation for the sector were performed, QGEP started its own exploration and production activities.

In September 2010, the success of these initiatives and the expanding development of the country’s oil and energy potential led the group to concentrate its exploration and production activities in QGEP when, through the restructuring of the then Queiroz Galvão Óleo e Gás S.A. (QGOG), exploration and production activities were separated from the provision of services.

Aiming for more growth in hydrocarbon exploration and production, the company went public with the highest initial bid in 2011, raising a total of R$1,5 billion. As the only publicly traded company in the group, QGEP is listed in the Novo Mercado section of B3 for adopting the best practices and achieving the highest level of Corporate Governance.

As the first independent Brazilian company to hold the qualification for Type A Operator by the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), QGEP has been authorized to operate in deep and ultra deep waters since 2000. QGEP holds a diversified and balanced portfolio, with assets in eight of the main sedimentary basins along the Brazilian coastline.

Last updated on 2017-10-16T15:56:45

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