Fluxus Expands its Presence in Latin America with Acquisition of Pluspetrol Bolivia
Brazilian oil and gas company Fluxus has recently acquired Pluspetrol Bolivia in a strategic move to strengthen its foothold in the region. The deal includes the acquisition of the Tacobo, Tajibo, and Yacuiba fields in the Tarija-Chaco basin, along with two gas treatment plants and infrastructure for gas transportation.
Owned by businessmen Joesley and Wesley Batista, Fluxus aims to become a multinational oil and gas venture in Latin America. The company plans to leverage the gas reserves from Bolivia to fuel the Cuiaba thermal power plant in Brazil, another asset under the Batista brothers’ ownership.
With a current output of approximately 100,000m³ of natural gas per day, the Tacobo, Tajibo, and Yacuiba fields have the potential to exceed one million cubic meters daily. The acquisition also includes infrastructure to transport gas to markets in Bolivia, Brazil, and Argentina.
This acquisition comes as Fluxus prepares to take over the operational management of the Centenario field in Neuquén, Argentina. Pluspetrol Bolivia, the target of the acquisition, currently produces 412,000 barrels of oil equivalent per day across multiple countries in Latin America and beyond.
In a related development, energy companies from Argentina and Brazil are in discussions to reverse the flow of a Bolivian natural gas pipeline, connecting the three countries. This initiative aims to address potential shortages and reduce Brazil’s dependence on costly alternative fuels. With Bolivia’s gas exports declining, redirecting gas from Argentina’s Vaca Muerta shale formation through Bolivia’s pipeline network appears to be a viable solution for the future.
Stay tuned for more updates on the evolving landscape of the Latin American oil and gas industry.