Brazil’s Batista Brothers Expand into Latin American Energy Sector

The Batista brothers, Wesley and Joesley, who lead JBS SA, the world’s largest meat supplier, are markedly broadening their business scope.

They are now entering the energy sector through strategic acquisitions across Latin America.

Fluxus, their oil and gas company, has recently acquired operational assets from Pluspetrol, marking a significant pivot from their traditional agribusiness focus.

This acquisition positions them as emerging influential players in the regional energy markets.

Fluxus has taken over key oil and gas blocks, including the Centenario field in Neuquén and a substantial interest in the Ramos field in Salta, Argentina.

Additionally, the company has ventured into Bolivia by acquiring three natural gas fields—Tacobo, Tajibo, and Yacuiba—in the Tarija-Chaco basin.

These fields currently produce approximately 100,000 cubic meters of natural gas per day, with the potential to exceed 1 million cubic meters daily.

The assets also feature two gas treatment plants and infrastructure that supports the distribution of gas to Bolivian, Brazilian, and Argentine markets.

This expansion is part of a broader strategy by the Batistas to leverage their extensive business network and capital to tap into lucrative opportunities in the oil and gas sector.

The move promises substantial growth and diversification for their conglomerate, as they aim to establish a robust presence in Latin America’s energy landscape.

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