Origem Energia

What Origem Energia does

Origem Energia S.A. is a vertically integrated Brazilian energy company that operates across the natural gas value chain — from exploration and production through gas processing, transportation, storage, and power generation — with port infrastructure for liquid bulk handling. Founded in 2017 as Petro+ and rebranded after merging with Eagle under Prisma Capital control, the company is headquartered in Rio de Janeiro with operational hubs in Maceió, Pilar, Alagoinhas, and other Northeast locations. Its core technology stack includes 34 concessions across the Alagoas, Tucano Sul, Recôncavo, Espírito Santo, and Potiguar basins; a 2 million m³/day UPGN gas processing unit (the first privatized in Brazil); 330+ km of owned pipeline network connected to TAG's national grid; and the TAMAC (MAC11A) maritime terminal at Porto de Maceió. The company is building Brazil's first underground natural gas storage project in depleted Alagoas reservoirs (60 million m³ initial phase) under a JV with TAG, and won the 2026 LRCAP capacity auction for 371-380 MW of Wärtsilä-equipped flexible thermal power plants scheduled to begin operations 2028-2029.

The business model is multi-stream and infrastructure-driven. Revenue is generated through natural gas sales to state distributors (Algás, Bahiagás, Copergás) and industrial customers (including Vale's pelletização plant) under multi-year bilateral contracts; petroleum, condensate, and LPG sales; thermoelectric power capacity payments once plants come online; managed underground gas storage services for price hedging and grid balancing; and port terminal fees for liquid bulks and petroleum products. Go-to-market is enterprise field sales supported by participation in government capacity auctions (LRCAP), direct B2B negotiations with industrial off-takers, and channel partnerships with regulated gas distributors. Origem is Brazil's second-largest onshore natural gas producer, controls 645 wells across 14 fields, and has scaled production from 396,000 to 1.5 million m³/day within two years of assuming Polo Alagoas operations.

Name

Origem Energia

Legal name

Origem Energia S.A.

Website

https://www.origemenergia.com/

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Origem Energia is a vertically integrated Brazilian energy company that produces, processes, transports, stores, and monetizes natural gas across the Northeast, while building flexible power generation and port infrastructure for industrial and distribution customers.

Ownership category

akta.pro rank

Product category

Integrated Natural Gas and Energy Services

NAICS

Steam and Air-Conditioning Supply (221330), Turbine and Turbine Generator Set Units Manufacturing (333611), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Engines & Turbines (3510), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Natural Gas Risk Management, Analytics & Back-Office (ETRM/CTRM) (EUAGAGAJ)

akta.pro secondary industries

Building Energy Management & Demand Flexibility Software (BEMS, Optimization) (EUAFAGAK), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL)

Keywords

• Natural gas production
• Gas processing infrastructure
• Thermal power generation
• Underground gas storage
• Port terminal operations

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Natural Gas Production and Sale: Production and sale of natural gas to gas distribution companies (Algás, Bahiagás), industrial customers, and free gas market participants. Includes gas from onshore fields in Alagoas, Tucano Sul, and other basins.
2. Power Generation: Revenue from thermoelectric power plants supplying flexible balancing capacity to Brazil's power grid. Projects include Pilar, Pilar Nova, and Manguaba I-V power plants (371-380 MW total) with commercial operations starting 2028-2029.
3. Underground Gas Storage Services: Storage services for natural gas in depleted reservoirs, providing grid stability services and price hedging for customers. Investment of up to $150 million in initial phase.
4. Port Infrastructure Operations: Operation of TAMAC (MAC11A) maritime terminal in Porto de Maceió for movement and storage of liquid bulks, especially fuels and petroleum products.
5. Petroleum and LPG Sale: Sale of petroleum, condensate, and LPG (cooking gas) from production operations, including first direct oil sales contract with end customer.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Origem Energia is an integrated Brazilian energy company that explores, produces, and commercializes natural gas; processes gas through its UPGN plant; generates flexible thermal power to balance the grid; develops Brazil's first underground natural gas storage; and operates the TAMAC port terminal for liquid bulks. Its portfolio spans upstream, midstream, and power generation, anchored by the Polo Alagoas hub and a 330+ km pipeline network connected to the TAG backbone.

Product overview

Origem Energia is an integrated energy company offering comprehensive solutions across the natural gas value chain. The company's portfolio comprises E&P (Exploration and Production), Integrated Energy Solutions including power generation parks, underground gas storage, and gas interiorization, plus port infrastructure (TAMAC/OPMAC) and gas commercialization. The company operates across multiple Brazilian basins and aims to position Alagoas as a major energy hub for Northeast Brazil. Key infrastructure includes UPGN gas processing facilities and extensive pipeline networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Exploração e Produção (E&P) Oil and natural gas exploration and production across 34 concessions and 14 exploration blocks in the Alagoas, Tucano Sul, Recôncavo, Espírito Santo, and Potigar basins, supplying industrial customers, distributors, and the free gas market.
• Comercialização de Gás (Gas Commercialization) Sale of natural gas produced by Origem to gas distribution companies, industrial customers, and free-market clients, including direct supply to Vale's pelletization plant in Tubarão (ES).
• Parque de Geração de Energia (Power Generation Park) Flexible gas-fired thermal power plants (Pilar, Pilar Nova, Manguaba I-V) totaling 371-380 MW using 36 Wärtsilä 34SG engines to provide dispatchable capacity and grid balancing for Brazil's national interconnected system (SIN).
• Estocagem Subterrânea (Underground Gas Storage) First-of-its-kind underground natural gas storage in depleted reservoirs in Alagoas state, with initial phase capacity of 60 million m³ (potential to 1.5 billion m³), providing grid balancing, supply security, and price-hedging services to industrial customers and energy traders.
• Interiorização do Gás (Gas Interiorization) Extension of natural gas supply to inland and non-pipelined regions through small-scale LNG solutions, broadening gas access beyond pipeline-served markets.
• Hub Energético do Alagoas (Alagoas Energy Hub) Integrated energy hub in Alagoas state consolidating production (5 fields, 600 wells, 6 stations), UPGN processing, pipeline network, port access, planned storage, and thermal generation into a single regional energy platform for Northeast Brazil.
• Infraestrutura Portuária (Port Infrastructure) Port terminal operations including TAMAC (MAC11A) and OPMAC within Porto de Maceió, providing handling and storage of liquid bulks, fuels, and petroleum products to third parties and supporting Origem's own logistics chain.
• UPGN Alagoas (Gas Processing Unit) Natural gas processing plant in Alagoas with 2 million m³/day capacity — the first privatized UPGN in Brazil — conditioning and processing raw gas from Polo Alagoas and supplying LPG to the regional market.

Quantifiable outcome

• Reduced gas prices by 32.5% for distributors within two years of operations
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship, core, historical, key account and minor.

• WärtsiläflagshipStrategic or Co-development Partner · 13 May 2026Equipment supply contracts for 36 Wärtsilä 34SG balancing engines (371 MW total) across two batches of 18 units each for thermoelectric projects Pilar, Pilar Nova, and Manguaba I-V in Alagoas. Contracts follow Brazil's Reserve Capacity Auction 2026 where Origem emerged as principal winner. Projects scheduled to begin operations 2028-2029, marking company's entry into balancing power generation segment.
• TAG (Transportadora Associada de Gás)coreStrategic or Co-development Partner · 28 March 2024Joint venture investing R$1 billion in natural gas storage development. TAG operates Brazil's largest pipeline network along the coastline, and the partnership leverages their infrastructure for storage operations in depleted reservoirs.
• PetrobrashistoricalOthersSeller of Polo Alagoas assets for US$300 million in 2021. Includes 7 concessions (6 onshore, 1 shallow water), UPGN processing unit, pipeline network, and access to TAMAC export terminal.
• Valekey accountStrategic or Co-development PartnerFirst free gas market contract to supply Vale's pelletization plant in Tubarão, Espírito Santo. Marks company's first supply to Southeast Brazil region.
• EDF Power SolutionsminorStrategic or Co-development PartnerExpressed interest in acquiring EDF's Norte Fluminense thermal power plant (827 MW) in Brazil. Part of company's expansion into power generation segment ahead of capacity auction.
• Universidade Federal de Alagoas (UFAL)minorStrategic or Co-development PartnerInternship program partnership with engineering programs. First company internship opportunity in the state, supporting talent development in Alagoas where company operates.
• Universidade Federal de Sergipe (UFS)minorStrategic or Co-development PartnerResearch partnership with Progeologia laboratory to reevaluate hydrocarbon potential of 45 wells in Tucano Sul Basin, providing geological and reservoir analysis support.

Scale indicators21 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• Petrobras: Brazilian state oil major and the original seller of Polo Alagoas to Origem for US$300M. While not a direct same-niche competitor, Petrobras remains dominant across upstream, midstream, refining, and power generation in Brazil, and continues to define the asset divestiture pipeline Origem grows through.
• Galp Energia: Portuguese integrated energy major with significant Brazil-focused exploration in the pre-salt. While larger and more diversified, Galp's Brazilian upstream footprint makes it a relevant comparison for the broader Latin American integrated energy play and is competing for the same Petrobras asset pool.
• Vibra Energia: Brazil's largest fuel distributor (formerly BR Distribuidora) and joint winner of the Antaq port auction alongside Origem. Operates broadly in fuels distribution, gas distribution, and convenience retail — overlapping with Origem in fuels logistics and distribution while operating at significantly larger scale.

Direct peers

• Eneva: Brazil's largest integrated natural gas and power company, producing gas from the Parnaíba basin and operating thermoelectric plants to supply balancing capacity to the grid. Same business model as Origem — integrated gas E&P + power — and the only company ahead of Origem in Brazilian onshore gas production, making it the closest direct peer.
• PetroReconcavo: Brazilian onshore oil and gas operator that acquired producing fields from Petrobras and operates a thermoelectric power generation business tied to its gas output. Closely mirrors Origem's onshore gas + power model and is a direct Brazilian peer in the same asset-acquisition-driven growth strategy.

Emerging players

• 3R Petroleum: Brazilian oil and gas operator formed by private equity (Starboard) to acquire and revitalize Petrobras' mature fields, with onshore and offshore operations. Same acquirer-of-divested-assets playbook as Origem, though focused on oil and offshore rather than integrated gas + power.

Regional players

• GeoPark: Latin America-focused independent E&P company with operations in Colombia, Chile, Argentina, Brazil, and Ecuador. Comparable in operating in multiple Latin American basins — including selective Brazilian activity — though without Origem's integrated power generation and storage assets.
• Compass Gás do Brasil: Itau-backed Brazilian gas distributor operating the largest private gas distribution network in Brazil. Sits one step downstream of Origem as a potential buyer of gas volumes — analogous to Algás and Bahiagás at the state level — and a comparator in how the Brazilian gas market is being structured between producers and distributors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@origemenergia8823
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Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Origem Energia