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Seven major projects led by Petrobras, Prio and BW Energy boost the economy of Espírito Santo and the energy transition
The oil and natural gas industry is boosting the economy of Espírito Santo with an investment plan of over R$44 billion by 2030. The data is included in the 8th edition of the Oil and Natural Gas Industry Yearbook, published by the Findes Observatory (Federation of Industries of Espírito Santo), and indicates that the state will host seven large-scale projects in the coming years. The goal is to strengthen energy production, generate jobs and advance the transition to a more sustainable matrix.
Petrobras leads investments
According to the official Findes website and a report by A Gazeta, Petrobras will be the protagonist of the contributions, with an estimated investment of R$ 35 billion by 2029. One of the main projects is the IPB – Projeto Integrado do Parque das Baleias, which foresees the interconnection of 17 wells to the FPSO Maria Quitéria platform ship. This megaproject should considerably increase offshore oil production on the coast of Espírito Santo.
Private initiatives strengthen the oil sector
In addition to Petrobras, other private sector giants will also invest heavily in Espírito Santo:
- GoVerde will invest R$9 billion in a methanol, green ammonia and solar energy factory in Bahia; project foresees up to 24 thousand jobs
- Petrobras regains control of fertilizer factories in BA and SE after agreement with Unigel
- New building system that eliminates the need for air conditioning while offering superior thermal insulation unveiled: expanded polystyrene panels for concrete
- Bahia attracts R$9 billion in investment for new methanol and green ammonia plant, generating 24 jobs
- Prio (formerly PetroRio) will allocate R$4,9 billion to develop the Wahoo Field, which will have six wells connected to the FPSO Frade.
- BW Energy will invest around R$4 billion in the Golfinho and Camarupim fields, with drilling and underwater interconnections.
This information was highlighted by A Gazeta and confirmed on the Findes website, which monitors the progress of each project.
Sustainable development as a priority
During the launch of the yearbook, Governor Renato Casagrande highlighted the strategic role of oil resources in the energy transition. According to Folha Vitória, the state government intends to direct part of these investments to sustainable projects and technological innovation, reconciling economic growth with environmental preservation.
Effects of oil on the regional economy
The planned investments not only consolidate Espírito Santo as a strategic oil hub in Brazil, but also promise to strengthen job creation, develop local suppliers and increase public revenue. According to Findes, the sector currently represents 22,6% of the state's industrial GDP and has growth potential even greater in the coming years.
