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Brazilian Offshore Industry may build 12 FPSOs per year over the next 5 years according to industry investors who project great expectations for the future
Schineider Electric is very interested in the national construction of FPSOs, focused on the development of the project in Brazil, it assembled a team of specialists that took care specifically of the Brazilian sector, according to the vice-president who is focused on the local industry, Luis Felipe Kessler, the main technologies are already being directed to Brazil. Today it already supplies some equipment for FPSOs, with E-house (electric mode), Santos Basin, specifically, Sepia. The vice president, in an interview, spoke about this focus on the local market, “In addition, we are also supplying [to Sepia] what we call electrical automation of the system. He does all the protection control. This contract is already running and should be concluded by the end of the year”. “Petrobrás is starting to recover its profitability and has a clear investment plan in FPSOS for the next 3 to 5 years”.
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The FPSO market in Brazil
The national market is pointing to growth, but it needs care so as not to suffer losses, according to the multinational's vice-president, there is still a lot of work ahead, some projects need to be finalized. There is the situation of logistics, investments, refining, the pre-salt which generates a lot of expenses. According to surveys and trends in the FPSO market, if everything goes well, up to 12 units can be built per year over a period of 5 years. The world's main companies and investors are looking for development opportunities in Brazil, Schineider is one of them, the possibility is a total focus here, it's real because the level of competition in relation to auctions and partnerships is increasing more and more. Currently, Petrobras has been seeking clean energy, such as Solar, Gas and Wind, demonstrating a range of projects and investments that will bring profits to the offshore and onshore sector.
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New Investments
Multinacional already has contracts with some FPSOs, but they are looking to extend the contracts. The possibilities for 2019 include Libra with four units. Even taking care not to make mistakes in the investments, the company starts to assemble new plants, focused on the regional team that has a financial base in Latin America injecting all the investment for the conclusion of all the works. The company's business base is Offshore and within the O&G sector, Schneider Electric has the highest level of technology, personnel trained in all petrochemical spheres. Investment in Brazil will bring new jobs, increase import and export assets, but the most important thing will be the revitalization of the Shipyards. click HERE to read one of our posts about the National Shipyards.
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