After reaching the US$ 100 billion mark in 2022, the global offshore oil and natural gas sector should remain above that mark in 2023. Rystad Energy points out that Brazil will be the highlight in attracting investments to the segment this year.
The consultancy Rystad Energy has great projections about Brazil's presence in the international offshore oil and natural gas market in 2023. receiving US$ 23 billion in investments in the national sector. The search for oil and gas fields with low carbon intensity will contribute to offshore projects in the national territory throughout the year.
Offshore oil and natural gas sector should remain warm on the international scene, with strong attraction of investments to the Brazilian market
After being strongly shaken by social isolation during the coronavirus pandemic, Covid-19 in recent years, the offshore oil and natural gas sector has returned to the spotlight of the global market.
The consultancy Rystad Energy is projecting a large attraction of investments in the sector throughout the year 2023.
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In 2022, the sector managed to reach the mark of US$ 100 million in attractions. Now, the expectation is that the number will remain, that is, high, between 2023 and 2024.
For the company, Brazil will remain as the great highlight in the development of exploration projects and offshore oil and natural gas production.
The segment has been one of the most lucrative in the national market over the last few decades, due to the high investments in research and innovation for the exploration of national basins.
The consultancy Rystad Energy estimates that offshore will represent 68% of all conventional projects sanctioned in the world between 2023 and 2024. Between 2015 and 2018, before the global pandemic, the number was around 40%.
For the company, the current scenario of change in the projects of the major players in the segment contributes to the Brazilian offshore market. This is because oil companies are increasingly focused on exploring areas with a low carbon footprint.
In this way, the offshore fields of the national territory stand out as the most profitable for the production of oil and natural gas.
The Middle East should be the main driver of investments in offshore oil and natural gas projects on the international scene, points out Rystad Energy
For Rystad Energy, fuel production companies are still focused on finding profitable and safe fields for low-carbon exploration.
In Brazil, offshore oil and natural gas projects stand out in terms of productivity, as well as environmental commitment.
According to a report by Wood Mackenzie, the availability of environmentally and economically advantageous barrels is scarce in the world.
Thus, the tendency is for companies to turn to investments in places like national basins for the coming months.
In addition, Rystad Energy projects that the Middle East will be the main driver of investments in projects in the sector in 2023.
With gigantic undertakings under development in Saudi Arabia, Qatar and the United Arab Emirates, investments will reach US$ 33 billion this year, and will rise to US$ 41 billion in 2025.
On the other hand, Norway it will also count on growth in the attraction of new projects, with an expected collection of US$ 21,4 billion this year.
For Rystad Energy, Brazil continues to be one of the biggest players in the international oil and natural gas market.