Multinational Perenco Plans to Invest $400 Million in Campos Basin, Rio de Janeiro, by 2024

Written by Roberta Souza

Published on 25/03/2021 at 22:08

Plataforma de petróleo da Perenco/Fonte: Reprodução – Via Google

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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.

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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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.

Multinational Perenco Plans to Invest $400 Million in Campos Basin, Rio de Janeiro, by 2024

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

Investments in the Campos Basin in Rio de Janeiro

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