Investments In Oil And Gas In Espírito Santo Will Exceed R$ 8.8 Billion By 2027

Written by Paulo Nogueira

Published on 24/04/2023 at 19:37

Updated on 24/04/2023 at 19:41

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Launch of the 6th Edition of the Oil and Natural Gas Industry Yearbook in Espírito Santo

The Federation of Industries of Espírito Santo (Findes) launched the 6th edition of the Oil and Natural Gas Industry Yearbook in Espírito Santo. The publication brings important data and analyses of the sector and projects oil and gas production until 2027.

Projects Involving PRIO, Petrobras, Shell, and Seacrest Petroleum

The study indicates that R$ 8.8 billion will be invested in projects in Espírito Santo, mainly involving the companies PRIO, Petrobras, Shell, and Seacrest Petroleum.

One of the highlights is the Integrated Project of the Whale Park (IPB), which plans to install the FPSO Maria Quitéria in the Jubarte field, located on the South Coast of Espírito Santo.

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The oil and gas sector represents 4.6% of Espírito Santo’s GDP and has a production chain made up of over 520 industries, responsible for maintaining 12,000 direct jobs. The president of Findes, Cris Samorini, highlighted the relevance of the Yearbook as a tool to understand the oil and gas segment and contribute to the development of Espírito Santo.

Cris Samorini, president eda Findes, during the launch of the Yearbook - Photo Siumara Gonçalves — Cris Samorini, president eda Findes, during the launch of the Yearbook – Photo Siumara Gonçalves

Marilia Silva, chief economist of Findes during the launch of the Yearbook - Photo Siumara Gonçalves — Cris Samorini, president eda Findes, during the launch of the Yearbook – Photo Siumara Gonçalves

Investment Projects in Oil and Gas Until 2027

The Yearbook foresees investments of R$ 8.8 billion in the oil and gas sector in Espírito Santo until 2027. Among the highlighted projects is the Integrated Project of the Whale Park (IPB).

The chief economist of Findes and executive manager of the Industry Observatory, Marília Silva, emphasizes that it will help increase the oil and gas recovery factor through the optimization of the current drainage mesh, with the interconnection of a new FPSO (floating production storage and offloading unit).

Decommissioning of Platforms Will Generate R$ 2.45 Billion

In addition to the investments planned until 2027, there are 18 Decommissioning Programs for Installations (PDI’s) approved until 2026, which will generate R$ 2.45 billion in investments in Espírito Santo.

The business environment manager of the Industry Observatory of Findes, Gabriela Vichi, explains that the decommissioning of installations is the safe disposal of oil and natural gas exploration and production structures after the end of their productive phase, generating opportunities for various companies.

Investments In Oil And Gas In Espírito Santo Will Exceed R$ 8.8 Billion By 2027

Launch of the 6th Edition of the Oil and Natural Gas Industry Yearbook in Espírito Santo

Projects Involving PRIO, Petrobras, Shell, and Seacrest Petroleum

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Investment Projects in Oil and Gas Until 2027

Decommissioning of Platforms Will Generate R$ 2.45 Billion

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Investments In Oil And Gas In Espírito Santo Will Exceed R$ 8.8 Billion By 2027

Launch of the 6th Edition of the Oil and Natural Gas Industry Yearbook in Espírito Santo

Projects Involving PRIO, Petrobras, Shell, and Seacrest Petroleum

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Investment Projects in Oil and Gas Until 2027

Decommissioning of Platforms Will Generate R$ 2.45 Billion

With 11,000 tons and sensors capable of hunting submarines at long distances, the Type 055 has become one of the most feared floating arsenals of the Chinese navy.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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