Project Stage of The Oil and Gas Sector, Brazil Should Attract About One Third of Global Investments in FPSOs by 2024
In Brazil, by 2024, investments in Floating Production Units (FPSOs) are expected to reach around US$ 28.4 billion, according to EMA (Energy Maritime Associates). The total amount corresponds to about one third of all investments in the oil and gas sector for the period, totaling US$ 98.9 billion. Check out other news:
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Here, all the investment will be allocated to the construction and operation of FPSOs. Petrobras has 19 platforms underway, 5 under evaluation, 8 in planning, and 6 in bidding or final project.
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The company plans to install 13 FPSOs in this five-year period: P-70 (Atapu Field in 2020); Mero 1 and Sépia (2021); Marlim 1, Búzios 5, and Lula Oeste (2022); Parque das Baleias, Mero 2, and Marlim 2 (2023); and Búzios 6, Mero 3, Sergipe Deep Waters, and Itapu (2024).
Of all the platforms described above, seven are already contracted (besides P-70 – Petrobras’ own unit): Marlim 2, with Yinson; Mero 2 (SBM); Mero 1, Marlim 1, Búzios 5, Sépia, and Carcará, with Modec.
Carcará, the 2023-2024 project of Equinor, and Gato do Mato, possibly Shell in 2024, are other projects planned for Brazil in the coming years.
Additionally, PPSA (Pré-Sal Petróleo S.A.) estimates that 28 new FPSOs will be required to cover the 17 production sharing areas auctioned.

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