Brazil’s Prio intends to become one of the largest independent oil and gas companies in the Americas and is counting on more than doubling its production over the next two years to meet that target.

With a solid cash position of $1.2 billion, the company is simultaneously developing a pair of clusters in the Campos basin and producing about 50,000 barrels per day of oil.

However, Prio envisages a day when output will likely reach 130,000 bpd, just from assets under development and the Albacora Leste field that it is in the process of acquiring.