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Petrobras informed Broadcast that the deal has already been approved by the company’s board of directors and will aim to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in that country.
You won’t believe the master move that Petrobras is planning! Petrobras will open an office in China later this year, marking its return to the Asian country after four years. This strategic move promises to revolutionize the way the company monitors its projects (construction of its platforms at Chinese shipyards) and strengthens ties with China, one of the main markets for Brazilian oil.
The state-owned company confirmed to Broadcast (the Group Estado real-time news system) that the deal has already been approved by the company’s board of directors. The objective is to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in China.
Petrobras Approved New Implementation This Year
“Petrobras approved this year, through its board of directors, the establishment of a company in China. The implementation is underway according to a schedule that takes into account Petrobras’s internal processes and local legislation, with completion expected this year”, the company stated in an official note.
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Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.
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Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.
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Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.
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While the world was paying more for fuel, the 100 largest oil companies on the planet raked in an extra $23 billion in just 30 days of blockage in the Strait of Hormuz.
The intention to return to China was announced last December by the former CEO of the state company, Jean Paul Prates, as part of the company’s internationalization strategy. At the time, Prates stated that the new office would facilitate negotiations between Brazil and China, as well as closely monitor the construction projects of platforms in Chinese shipyards.
Company Has Previously Been in China
Petrobras previously had an office in China. In 2004, during the first term of President Luiz Inácio Lula da Silva, the company opened its representation in Chinese territory with the aim of increasing oil exports to the Asian country tenfold, which at that time represented only 1% of the approximately 200,000 barrels per day exported by the company. However, in 2019, during Jair Bolsonaro’s government, the office was closed.
Currently, China is the main destination for Petrobras’s oil exports. In the second quarter of this year, 50% of the state-owned company’s oil exports went to the Chinese market, representing about 300,000 barrels per day. This movement reinforces the strategic importance of China for Petrobras and for the Brazilian oil sector.
Petrobras Wants to Closely Monitor the Construction of Its Platforms
The reopening of the office in China will allow Petrobras to closely monitor the construction of its platforms at Chinese shipyards, ensuring greater quality control and efficiency in projects. Furthermore, it will strengthen commercial relations between the two countries, potentially opening new business opportunities and technological partnerships.
And you, what do you think of Petrobras’s return to China? Do you believe this strategy will further boost the company’s presence in the international market? Share your opinion in the comments!
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Golpe tá ai nem da conta de suprir a necessidade do povo brasileiro, vai novamente se meter fora do país e ter mais recursos subtraídos . Como as 4 refinarias que nos governos anteriores nunca deu uma gota de combustível e sim só prejuízo de trilhões. As cofres da estatal.
Ninguém fala da refinaria que foi vendida a preço de **** no governo Dilma, os chineses se deram muito bem ..
O escritório na China foi fechado por falta do que fazer. As fiscalizações são feitas por equipes da Engenharia que não precisam deste apoio. Mais gastança e cargos no estrangeiro para os queridos do sistema.