Home The Oil Capital is Back: Investments and Job Generation will be heavy in 2018

The Oil Capital is Back: Investments and Job Generation will be heavy in 2018

13 October 2017 to 07: 20
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offshore, oil and gas 2018

In an official note, the Regulatory Agencies say that Rio will once again become an oil powerhouse from 2018

[supsystic-social-sharing id='1′] Macaé, Rio das Ostras and Campos dos Goytacazes benefited greatly from the oil economy in the years between 2006 and 2014, with an increase in municipal revenues and the generation of jobs that will beyond thought. Revenues averaged R$10,7 billion each year from royalties, but because of the crisis, revenues have decreased to R$7,2 billion. But despite this, excellent pre-salt discoveries and the revitalization of mature fields, Rio will once again become the greatest oil power, according to industry experts.


The cities of Saquarema, Maricá and Niterói, which make up the relevant regions of the pre-salt fields, have also already felt the maximization of revenues from royalties and the PE (profit sharing) which have become 4 times greater in the last 3 years, despite of the low prices of a barrel of crude oil. Everything leads to believe that as the Campos de Libra develops and produces, more jobs, more collections and investments will come into the cash of the producing municipalities again, in the short and long term.

Campos Basin

Now speaking of Campos Maduros, which are the post-salt assets located in the Campos Basin, revitalization works are being carried out, reducing the natural negative factor of productivity over the years, this project is called the Program to Increase Operational Efficiency (Proef) created by Petrobras, with full scope in the Campos Basin. In this project, they include exchanging old platforms for new FPSO's, which will maximize productivity, municipal collections and hiring of workforce. In the report from InterTV Alto Litoral in video below, he explains in a more didactic way about the subject. Watch then continue with the rest of the reading:

Seeking to reposition itself in the market, Petrobras opened some of its asset portfolios to other oil companies, selling or establishing partnerships in these mature fields. An example of a recently signed contract was with the Norwegian state-owned Statoil, which, together with Petrobras, already have revitalization and recovery projects for these fields in progress.

Less taxes, more investments

To the National Petroleum Agency (ANP) will reduce taxes for oil exploration activities in Brazil and this resolution will be applied until the beginning of 2018, which will attract the interest of more oil companies to produce in the national territory.

Today the productivity factor is at 14%, with these new techniques and resolutions applied, this percentage will rise to 24%. According to ANP studies, for each 1% increase in the recovery factor, the Campos Basin will collect R$ 16 billion in royalties and R$ 26 billion in investments.

In the 14th round of oil auctions that took place in September, ExxonMobil, which is the largest oil company in the world, is now back in the Brazilian market, translating into practical terms, a lot of jobs and revenues are already at the door. On October 27th, the pre-salt auctions will also take place, which will be divided into 3 rounds: the first will be the fields that are already in production; in the second, 4 areas in the Campos Basin and in the third, areas in the Santos Basin.

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