1. Home
  2. / Uncategorized
  3. / Búzios and Itapu Oil Fields Expected to Generate 50,000 New Jobs
Reading time 2 min of reading

Búzios and Itapu Oil Fields Expected to Generate 50,000 New Jobs

Written by Paulo Nogueira
Published on 11/11/2019 at 06:28
Updated on 11/11/2019 at 06:31
petróleo 50 mil vagas de emprego Petrobras
Be the first to react!
React to this article

The Projection for New Jobs is 50,000 and for Investments is US$ 29 Billion, Approximately R$ 130 Billion, for the Oil Fields Acquired by Petrobras.

In 30 years, the projection is for 50,000 new jobs and US$ 29 billion (approximately R$ 130 billion) in investments for the exploration of the two main areas offered in the mega auction on Wednesday, which were acquired by Petrobras: the Búzios and Itapu blocks, in the Santos Basin, located off the coast of Rio de Janeiro.

Together, the two areas are expected to increase the volume of Brazilian reserves in exploration by 30%, to approximately 33 billion barrels, estimates the consultancy.

The data was projected by the British consultancy Wood Mackenzie, a specialist in value chains dependent on natural resources such as oil and gas.

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

The government’s revenue expectation last week, with the pre-salt mega auction, was about R$ 106.5 billion in signing bonuses. Instead, Brazil collected just under R$ 70 billion.

No private company made bids for fields known to hold billions of barrels of unexploited oil, and this unexpected behavior was disappointing for the market.

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

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

According to Ricardo Bedregal, a consultant at IHS Markit, the investment account could be even larger, reaching US$ 50 billion, especially considering the magnitude of Búzios.

Tags
Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Share in apps