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The Statement Was by the Minister of Mines and Energy, Bento Albuquerque, During a Visit to China and Oil and Gas Numbers and FPSOs Impress
After Negotiating with the Chinese About CNCC’s Interest in Resuming the Angra 3 Works, Minister of Mines and Energy, Bento Albuquerque, took advantage of the trip to China to meet with the 20 largest entrepreneurs in the energy and oil and gas sector in the country.
The minister is presenting investment opportunities in Brazil to the Chinese, and naturally, the oil and gas market was highlighted in the discussions.
Bento Albuquerque impressed everyone by citing investment figures during the meeting where he presented projections for the oil and gas market in Brazil, made by the MME itself and also by the ANP.
According to him, about US$ 460 billion will be invested by 2040, with the country requiring a fleet of around 60 new FPSOs by then and approximately 600 new oil wells to be drilled.
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Brazilian Market
Another piece of information that greatly impressed the Chinese was the forecast, provided by the minister, of the increase in oil production in Brazil, which is expected to jump from the current 2.5 million barrels to 7.5 million barrels per day and that the country will be responsible for 23% of the increase in oil production globally with the commissioning of the new FPSOs, becoming one of the top 5 producers in the world by 2040, further standing out in the global oil and gas market.
The Brazilian minister intends to also meet individually with CEOs of the leading Chinese energy companies.
Yesterday (14/08), Bento Albuquerque met with Sinopec’s president, Dai Houliang, who expressed great satisfaction with his operations in Brazil and intends to increase investments.
The minister’s meeting agenda in China also includes meetings with Chinese representatives from the electric energy market, and Angra 3 was one of the most discussed topics, as it is one of the government’s priority projects and has attracted the attention of Chinese companies CNNC, SPIC, and CGN, which have already expressed interest in participating as partners to complete the works.
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