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End of an era, beginning of another: Brazil will invest more than R$70 billion to permanently abandon 3.773 oil and gas wells

Published 19/04/2025 às 22:21
Oil and gas, Oil wells, Petroleum
Image: Tânia Rêgo/Agência Brasil

Decommissioning of wells is expected to generate billions in Brazil by 2029, with a focus on Espírito Santo, which is preparing to become a strategic hub in the new phase of the oil and gas industry

Until 2029, the Brazil must demobilize 3.773 oil and gas wells. In Espírito Santo, there will be 403. The process involves the permanent abandonment of the wells, the removal of lines, equipment and structures.

To this end, R$70,2 billion will be invested throughout the country and R$5,3 billion in the state. The information is available in the Findes Oil and Natural Gas Industry Yearbook.

The high cost is justified by the technical and environmental requirements. The work must follow strict standards and uses advanced technology. Therefore, it opens up space for sectors such as metalworking, waste and the naval industry.

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Shipyards prepared for this type of service are rare in Brazil, which means that part of the resources go to countries such as the United States, Europe and Asia.

Petrobras leads operation with 23 platforms

Petrobras alone must decommission 23 platforms by 2028. The investment will be US$ 11 billion. After that, another 40 units must undergo the same process.

In addition to the environmental and technological challenge, there is an economic advantage: the dismantled components have a high market value. This allows for profits from the execution of the service and also from the sale of recycled materials.

Decommissioning is seen as a new business front. Therefore, companies are mobilizing to meet the demand. The naval sector, in particular, is one of the most promising. However, there is still a lack of structures in Brazil to take advantage of its full potential.

Espírito Santo attracts large investments

With its strategic location, Espírito Santo is facing the pre-salt layer. This has attracted the attention of investors. Vports is already analyzing the creation of a structure in Aracruz, in an area of ​​500 thousand square meters.

MARS (Modern American Recycling Services) signed a memorandum with Porto Central, under construction in the municipality of Presidente Kennedy, to set up a shipyard there.

The move shows that decommissioning does not mark the end of exploration. On the contrary: it represents the beginning of a new phase of opportunities in the oil and gas sector.

With information from A Gazeta.

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Romario Pereira of Carvalho

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