The Market Received This News from Petrobras with Great Expectations for Job Creation and Shipyard Reactivation
[supsystic-social-sharing id=’1′]A Petrobras has just released news that no one expected, catching the market by surprise navy and offshore. Pedro Parente has just announced the hiring of 3 new FPSOs for 2018. The state-owned company stated that one of the bids has already begun and will be aimed at the Búzios field. The other two will be directed to the Marlim asset, located in the Campos Basin, and the other will go to the Parque das Baleias in the Espírito Santo Basin.
If these vessels are built on national soil, it will be a symbol of recovery for the chain of Brazilian suppliers and/or those operating in the country in the oil segment. Parente also points out that these new offshore units make up the Business Plan for the period 2018-2022. The amendment of this plan will still be made before the end of 2017, according to the president of Petrobras.
The budget team, based on current market prices, indicates that each unit will cost around US$ 1 billion. The state-owned company also stated that investments for next year will be significantly higher compared to 2017. This comfort from Petrobras to make these investments is also due to the profit of R$ 266 million in the 3rd quarter of this year, a clear sign that the policies adopted by Pedro Parente are having some practical effect.
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In practice, this could represent a breath of hope for the naval industry and the recovery of some shipyards. For professionals who have spent their whole lives working in this area and are now idle due to market stagnation, this statement from Parente may change this scenario.

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