Promising Outlook for the Oil and Gas Sector in Rio de Janeiro Indicates Drilling of 200 New Wells in the Coming Years

Written by Kelly

Published on 23/09/2020 at 14:34

Plataforma de petróleo e gás offshore/Imagem: Divulgação

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According to a Study by Firjan, Investments and New Oil Exploration and Production Units Are Expected to Increase Revenue and Generate Jobs in Rio de Janeiro

Released yesterday (22) at an online event, the 5th Oil Yearbook in Rio developed by the Federation of Industries of the State of Rio de Janeiro (Firjan) provided optimistic data for the oil and gas sector in the state. Expectations for the upcoming period include significant investments and job creation.

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The document highlights that there are ten production systems in the licensing phase for operation in Rio between 2025 and 2028 in the pre-salt area of the Santos Basin. The operation of new platforms is expected to generate R$ 300 million in ICMS for Rio de Janeiro.

The publication also shows that 200 new wells will be drilled in areas auctioned since 2017 offshore the state. Additionally, approximately R$ 2 billion in investments are estimated in the downstream segment by 2024.

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Investments and Jobs in Rio de Janeiro

The study by Firjan also predicts that every R$ 1 billion in revenue generated by the activity can create 416 direct jobs and 2.7 thousand indirect jobs. The income effect was estimated at R$ 560 million in the country, with R$ 210 million absorbed by Rio.

According to Karine Fragoso, Manager of Oil, Gas, and Naval at Firjan and General Director of the National Organization of the Petroleum Industry (Onip), approximately 45% of the workforce in Rio de Janeiro was dedicated to this market in 2019. In 2017, 33% of jobs in RJ were in the supply chain for oil.

The state of Rio de Janeiro holds more than 80% of the known oil reserves, as well as the total production. According to Heloísa Esteves, secretary for oil at EPE, of the 39 production systems expected to be installed by 2030, 26 will be in Rio de Janeiro.

Promising Outlook for the Oil and Gas Sector in Rio de Janeiro Indicates Drilling of 200 New Wells in the Coming Years

According to a Study by Firjan, Investments and New Oil Exploration and Production Units Are Expected to Increase Revenue and Generate Jobs in Rio de Janeiro

See Other News in the Oil and Gas Sector

Investments and Jobs in Rio de Janeiro

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Promising Outlook for the Oil and Gas Sector in Rio de Janeiro Indicates Drilling of 200 New Wells in the Coming Years

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See Other News in the Oil and Gas Sector

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