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15 handpicked stocks

Brazil's Offshore Oil Renaissance

BP's massive oil discovery in Brazil's Santos Basin has renewed excitement in the region's energy potential. This theme focuses on companies, including competitor Equinor, that are positioned to benefit from the increased investment and upcoming auctions in one of the world's most promising offshore oil frontiers.

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Author avatar

Han Tan | Market Analyst

Updated 2 days ago | Published at Aug 6

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

BP

BP p.l.c.

BP

Current price

$34.19

EQNR

Equinor ASA

EQNR

Current price

$24.79

PBR

Petróleo Brasileiro S.A.

PBR

Current price

$13.08

About This Group of Stocks

1

Our Expert Thinking

BP's massive oil discovery in Brazil's Santos Basin has created a ripple effect across the entire deepwater exploration sector. This find de-risks adjacent exploration blocks and signals renewed investment flowing into one of the world's most promising offshore oil frontiers, creating opportunities for companies positioned in this strategic region.

2

What You Need to Know

This group includes integrated energy giants leading exploration, Brazil's state-owned enterprise, and essential oilfield services providers. These companies supply everything from drilling rigs to subsea technology and operational support. The theme captures both direct exposure to Brazilian offshore assets and the supply chain that supports deepwater operations.

3

Why These Stocks

These companies were handpicked by professional analysts based on their strategic positioning to benefit from increased activity in Brazil's Santos Basin. The selection includes both operators with direct exposure to Brazilian reserves and service providers essential to deepwater drilling operations, offering tactical exposure to this cyclical upswing.

12 Month Growth Potential

Use the growth calculator to see how much investing in these assets could return over one year.

If you invested across these assets:

in 12 months it could be worth:

$1,000.00

+74.43%

Group Performance Snapshot

74.43%

Average 12 Month Profit

On average, analysts expect assets in this group to grow 74.43% over the next year.

9 of 14

Stocks Rated Buy by Analysts

9 of 14 assets in this group are rated Buy by professional analysts.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

🛢️

Major Discovery Momentum

BP's largest Brazilian find in 25 years has created a buzz across the entire Santos Basin. This discovery validates the region's potential and could trigger increased exploration activity from competitors.

📈

De-Risked Investment Climate

The successful exploration well has reduced geological uncertainty for adjacent blocks, potentially driving up asset valuations and competitive bidding in upcoming auctions.

Supply Chain Opportunity

Increased offshore activity means higher demand for drilling rigs, subsea technology, and oilfield services. Companies in this space could see significant contract opportunities ahead.

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