Alvopetro boosts reserves 79%, Expands Brazil and Canada plans for 2026

Описание: Alvopetro Energy CEO Corey Ruttan joined Steve Darling from to outline the company’s year-end 2025 reserves and provide an operational outlook for 2026, highlighting significant growth across its Brazilian and Canadian assets.

As of December 31, 2025, Alvopetro reported total proved (1P) reserves of 8.1 million barrels of oil equivalent (MMboe), representing a 79% increase over 2024 levels. Total proved plus probable (2P) reserves increased 43% year-over-year to 13.1 MMboe. The before-tax net present value discounted at 10% (NPV10) of the company’s 1P reserves rose 38% to $245.6 million, while the NPV10 of 2P reserves increased 20% to $393.6 million, reflecting both reserve growth and strong asset performance.

Ruttan also reported risked best estimate contingent resources of 3.8 MMboe and risked best estimate prospective resources of 12.1 MMboe. The year-end reserve additions were driven in part by the successful 183-D4 well in the Caruaçu Formation at the company’s 100%-owned Murucututu project in Brazil, as well as the addition of newly acquired Canadian assets.

Looking ahead to 2026, Alvopetro plans to build on better-than-anticipated results from the 183-D4 well, which began production in August 2025. The company intends to expand the Murucututu field production facility and pipeline offtake capacity, increasing field capacity from approximately 150 e3m³/d to as much as 600 e3m³/d.
In parallel, Alvopetro plans to enhance gas processing capabilities at its UPGN Caburé facility to accommodate a growing proportion of richer gas from Murucututu, also targeting a total capacity of up to 600 e3m³/d.

In Canada, the company recently completed drilling two additional earning wells to secure a 50% working interest in 47 additional sections of land. This expands its area of mutual interest with its partner to 75 gross sections (23,539 net acres), all targeting the Mannville stack heavy oil fairway using open-hole multilateral drilling technology.

Management believes the expanded land base could support the drilling of more than 100 Tier 1 wells. In January 2026, Alvopetro completed drilling two additional wells, bringing total production to eight wells (4.0 net). The company’s share of the two gross (1.0 net) wells was budgeted at C$2.0 million in 2026.


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