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Delivery of P-76 and expectation for readjustment of content in future auctions

25 October 2018 to 05: 51
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FPSO P-76

The possibility of leveraging Brazil's potential in the naval industry through the delivery of FPSO P-76 and thinking about a better future for the job market in the country

One of the units that will help Petrobras reach its goal of increasing oil and gas production is the P-76, which is currently at the Pontal do Paraná shipyard. The project is unusual due to the high level of local content (70%), which represents a symbol of the capacity of the Brazilian shipbuilding industry. The FPSO will be delivered by the company Techint by the end of this year, a renowned company recognized in the industrial and oil fields for the good work it has already done.

According to Techint's commercial director, Luís Guilherme Sá, the P-76 plays a role in showing that the domestic market is fully capable of meeting the demand for drilling new platforms. However, there are challenges on the way after the delivery of the ship, the dismissal of the workforce will unfortunately be necessary due to the lack of new ventures, but a minimum activity will be maintained.

The P-76 platform is considered a successful project that is currently being completed, it is a project that has generated around 5 jobs in the Pontal do Paraná region. She showed that it is indeed possible for Brazil to make local and competitive content, with a positive change expected, including the contribution made by the ANP, which carried out technical studies, reaching the conclusion of a balance between competitiveness, appreciation of the local industry and companies that invested in the country. .

The sector still needs to overcome the biggest challenge, which is to sensitize the government to consider the study that was carried out by the ANP, because today there is an inconsistency with the National Petroleum Agency on one side informing that the industry is capable of meeting 40% of the local content and on the other the government that defined the index of 25% of local content, for future auctions defined in 2017 without a very clear technical criterion.

In the short term, the amendments will be offered in a series of opportunities to the market and that is what the bets and beliefs related to the impacts of the amendments that are being signed are being credited with. This local content decision is not incomprehensible, as it involves thousands of people. Since when you talk about a project going to China, you are talking about 5 direct jobs going to Asia and another 10 indirect ones. This is sad, since Brazil is not valuing what is most valuable, which is the workforce.

Techint hopes that with all this change, future projects will appear within the new model of 40% local content and the P-76 will not be just another project coming out at the end of the year, but the kick-off for new projects generating more jobs and growth of the Brazilian shipbuilding industry.

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