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The Announcement of the Investment in the Campos Basin Was Made After a Meeting Between Representatives of the Government of Rio de Janeiro and Perenco
The Rio de Janeiro government met yesterday (Tuesday – 03/23) with representatives from the French multinational oil company Perenco, where the company announced its plan to invest US$ 400 million in the Campos Basin in Rio de Janeiro by 2024. Leonardo Soares, State Secretary of Economic Development, Energy and International Relations, stated that Perenco’s investment confirmed the positive prospects for the state’s oil industry, especially for job creation and tax collection for state and municipal governments.
Perenco is the operator of the Carapeba, Pargo, and Vermelho fields, acquired from Petrobras in 2019. All are mature oil fields located in shallow waters of the Campos Basin along the coast of Rio de Janeiro.
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According to the secretary, more than half of Perenco’s national suppliers are located in Rio de Janeiro, representing 65%. This shows the commitment to the local industry and the state of Rio. Furthermore, there is still a large amount of oil to be extracted, which may attract national and international companies of all sizes and benefit the cities of Campos, Macaé, and Rio das Ostras, among others.
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He sold his share for R$ 4 thousand, saw the company become a giant worth R$ 19 trillion, and missed the opportunity of a lifetime.
Investments in the Campos Basin in Rio de Janeiro
Leandro stated that the investments will be used to revitalize assets and make significant investments in replacing pipelines, refurbishing production platforms, restoring wells, and renewing processing systems.
The director also says that Perenco’s development plan anticipates that the company’s fixed investment will be approximately US$ 193 million, potentially rising to US$ 200 million. By 2024, the total investment will reach US$ 393 million.
These investments are expected to continue until 2024, and with the lifespan of the oil fields extended to 2040, there is potential to create thousands of direct and indirect job opportunities, especially in the oil capital – Macaé.
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