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Oil Market Heats Up, And 400,000 Jobs Are Predicted To Be Created

Written by Paulo Nogueira
Published on 28/10/2019 at 08:39
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After 6 Long Years Stagnant, The Oil Industry In Brazil Will Resume With Full Force And Expects The Creation Of 400 Thousand Job Openings.

The week starts with great news for professionals in the oil sector, which expects the creation of 400 thousand new job openings in the next two years and predicts that by the middle of the next decade, when the large platforms from the latest auctions begin to operate, there will be a risk of bottlenecks in hiring labor, given the flight of professionals during the crisis. Speaking of which, Engevale has won another contract at a Petrobras refinery, stay tuned as the company will hire at any moment!

After 6 long years stagnant, the oil industry in Brazil will resume with full force, the good news is due to the support activities for exploration and the demand generated by the latest auctions.

According to specialists, there is a signal in the oil business, which attracts local companies and global corporations, in addition to mobilizing states and municipalities that demand the royalties.

The recovery of the sector occurs at a time whenan oil leak is affecting thousands of kilometers of the Brazilian coast. Preventive and remedial measures will need to be taken due to the accelerated development of the pre-salt, as the activity is likely to be intense in the coming years, which will require doubled attention from the authorities.

The sector is heating up and by this September, the employment results in oil exploration activities in the country are positive with 306 job openings. According to data from Caged (General Register of Employed and Unemployed).

The turnaround in employment in the sector reflects the operational start of new Petrobras platforms and the resumption of exploratory area auctions in recent years.

With progress, this year of 2019 will be the first year since 2012 with an increase in jobs in the sector, given that in the meantime there was a decrease in job openings in the sector due to the crisis at Petrobras and the suspension of auctions.

Even with the sector’s recovery, the oil exploration industry is not labor-intensive enough to impact the high unemployment rates in the country, but it has the potential to create jobs in other industries supplying machinery and equipment.

Data from IBGE indicates that the oil industry pays seven times higher salaries than the national average — in 2017, the average income in the sector was 21.3 minimum wages.

A study conducted by IBP in partnership with consultancy EY sees potential for the generation of up to 400 thousand direct and indirect jobs in the sector by 2022. The projection does not consider the mega-auction of onerous assignment, scheduled for the next day 6, but with market impacts only in the middle of the next decade.

However, it addresses the forecasts for investments in the current stock of areas. According to ANP, between 2019 and 2022, 12 new platforms will begin operations in the country. Each one requires services such as drilling wells and transporting people and inputs, for example.

One of them is from Equinor, which will begin installing this year the fourth platform in the Peregrino field, where Pio works. With an operational start expected for the end of 2020, the unit will increase production capacity from the current 94 thousand to 110 thousand barrels per day.

With operations also in the pre-salt, the company has started an internal program to train platform production managers — the company expects to install the next unit between 2023 and 2024, this time in the pre-salt of the Santos Basin.

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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