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Búzios and Itapu oil fields should generate 50 new jobs

Written by Paulo Nogueira
Published 11/11/2019 às 06:28

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oil 50 thousand jobs Petrobras
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The projection of new jobs is 50 and investments of US$ 29 billion, around R$ 130 billion, for the oil fields acquired by Petrobras.

In 30 years, the projection is for 50 new jobs and US$ 29 billion (about R$ 130 billion) of investments for the exploration of the two main areas offered in the mega auction on Wednesday, which were bought by Petrobras: the Búzios and Itapu blocks, in the Santos Basin, located on the coast of Rio de Janeiro.

Together, the two areas should increase the volume of Brazilian reserves under exploration by 30%, to around 33 billion barrels, estimates the consultancy

The data were provided by the British consultancy Wood Mackenzie, a specialist in production chains dependent on natural resources such as oil and gas.

Rio de Janeiro will be one of the states most benefited from the exploration of the blocks that were sold, increasing investments in the oil industry

The government's expectation of raising last week, with the pre-salt mega-auction, was around 106,5 billion reais in signing bonuses. Instead, Brazil collected just under 70 billion reais.

No private company has bid for fields that are known to hold billions of barrels of untapped oil, and this unexpected behavior has been disappointing for the market.

The estimate does not take into account the R$70 billion to be pledged by the winners of the auctions as signing bonuses.

On Wednesday, Petrobras and the Chinese companies CNOOC and CNODC, each with a 5% stake in the consortium, won the right to explore Búzios, the most promising area among those offered in the mega-auction, considered the seventh largest exploration field. of oil in the world. Itapu was left with only the Brazilian state-owned company.

According to Ricardo Bedregal, consultant at IHS Markit, the investment bill could be even greater, reaching US$ 50 billion, especially if one considers the size of Búzios.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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