Millionaire offer makes Brazil's largest oil company give up the Papa-Terra oil field and further reduce its presence in the Campos Basin

Brazilian oil giant Petrobras last week announced the sale of its stake (62,5%) in the Papa-Terra field in the Campos Basin

A millionaire offer of US$ 105,6 million, from the oil company 3R Petroleum, makes the Brazilian oil giant dispose of its asset in the Campos Basin. The sale of the oil field is part of Petrobras' “divestment” scenario and is another worrying step towards making the country more vulnerable from an energy and economic point of view, which could affect job creation.

Read also

• Investments in Brazil due to the New Gas Law will be discussed in the webinar that will feature representatives of the giants Hughes Hubbard and Reed LLP, NTS and other companies in the sector
• Curriculum vitae and work portfolio in hand to apply for URGENT job vacancies and work in August on the construction works of the Wind Complex in Bahia
• The largest door company in Brazil offers 1000 job vacancies in the role of Promoter; salary can exceed R$ 5 thousand and candidates without experience from all over Brazil can register the curriculum
• Oil multinational Wood calls today (21/07) for 300 job openings for elementary, middle, technical and higher education professionals to work on its new project in Brazil
• 500 on-site and home office job openings for secondary, technical and higher education to work in the states of São Paulo, Curitiba, Bahia and Rio de Janeiro, opened by the largest insurance company in Brazil, on this 20th of July

According to Sindipetro, it is still not possible to measure the harmful effects on the loss of jobs or on production and their impacts on royalties, but the union movement identifies as harmful the accentuation of a financial logic in the oil sector.

For the researcher at Ineep (Institute for Strategic Studies of Petroleum, Natural Gas and Biofuels), João Montenegro, it is still too early to know the specific impacts of the sale of assets such as the P-61 and P-63, platforms that make up the Papa-Terra field, but there is a warning about a growing presence of private actors, who seek immediate profit for their shareholders, to the detriment of treating the sector as strategic for the country, which can generate jobs and social development .

There is concern about a drop in the number of jobs with the arrival of the new company

The researcher also points out that the impact on a reduction in the national content policy will need to be evaluated, since private companies in the sector are under no obligation to prioritize the national market. In addition, the relationships that these companies will have with their workers and representative entities must be observed. There is apprehension in relation to a drop in the number of jobs and a reduction in the quality of the preserved jobs, which will need to be confirmed with the actions of the new company that manages the rural units.

According to economist Carlos Takashi, technician of Dieese's subsection in Sindipetro-NF, the Papa-Terra field has differences in relation to fields sold recently, which had been recording declines in their production (Pargo, Enchova and Pampo). The first is that it is located in deep water, not in shallow water like the others. The second is that it is a newer field: it was discovered in 2003 and the first oil was extracted in November 2013, while production at the Pargo, Enchova and Pampo clusters began in the 1980s.

“Although production at the Papa-Terra field also dropped between 2014 and 2018, due to factors such as the decline in Petrobras' investments and the adoption of a deliberate and accelerated policy of privatizations since 2016, in the last two years (2019 and 2020) the Papa-Terra field has recovered its production. Petrobras announced the sale and has now signed a contract for the sale of a field in which it has been recovering itself and has potential to increase production”, explains the economist.

Be the first to react!

0

Liked

0

Amei

0

Haha

0

Uau

0

Sad

0

grr