Mature Fields Could Generate 381,000 Jobs in the Campos Basin

Written by Paulo Nogueira

Published on 18/06/2018 at 09:32

Updated on 18/06/2018 at 10:20

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In A Few Days, ANP Will Release the Regulation for the Revitalization of Mature Fields With Expected Investments of Over R$15 Billion

The mature fields of the Campos Basin will receive investments to finally raise their productivity potential starting in July. This is due to the fact that during the same period, the National Petroleum Agency (ANP) announced that it will release the budget regulations for the assets that make up this sedimentary basin. The cities of Macaé and oil-producing municipalities will be directly and positively affected by these new resolutions.

According to industry data, the current employment potential after this new resolution will be around 381,000 direct jobs scalable by 2022. The royalties expected to be passed on to oil-producing cities could increase by 300% in revenue volume.

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Fields That Will Be Revitalized

In May of this year, Marcelo Batalha, General Manager of UO-BC, reported that the Voador and Marlim fields are already secured. At this moment, there is an ongoing negotiation with ANP for the revitalization of the Albacora, Charlote, and Jubarte fields, which are very close to the pre-salt of Santos.

Other offshore multinational companies are interested in exploring these fields as well; in fact, many of them hold the technological expertise, in addition to tests that have proven successful. This phase opens precedents in a completely new market that will benefit many other assets in Brazil and around the world in the near future.

Job Projections by 2022

At this moment, negotiations about new ventures and mergers are taking place between major national and international oil companies, aiming to guarantee subsidies and investments for this new type of market. See the projected jobs calculated below with these new businesses:

2018 – 69 thousand
2019 – 79 thousand
2020 – 85 thousand
2021 – 78 thousand
2022 – 70 thousand
total – 381 thousand

Mature Fields Could Generate 381,000 Jobs in the Campos Basin

In A Few Days, ANP Will Release the Regulation for the Revitalization of Mature Fields With Expected Investments of Over R$15 Billion

Fields That Will Be Revitalized

Job Projections by 2022

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Mature Fields Could Generate 381,000 Jobs in the Campos Basin

In A Few Days, ANP Will Release the Regulation for the Revitalization of Mature Fields With Expected Investments of Over R$15 Billion

Fields That Will Be Revitalized

Job Projections by 2022

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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