Petrobras to Invest $1.4 Billion to Produce Low-Sulfur Diesel

Written by Paulo Nogueira

Published on 02/08/2019 at 01:00

Updated on 01/08/2019 at 18:52

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Petrobras Aims To Enable Its Refineries To Produce Diesel With Lower Sulfur Content, This Project Will Cost The Oil Company US$ 1.4 Billion

The Executive Manager of Logistics at Petrobras, Mauro Mendes, announced that the state-owned company will invest US$ 1.4 billion to enable its refineries to produce diesel with lower sulfur content. The executive will participate in the event of the Brazilian Institute of Oil, Gas and Biofuels (IBP) presenting the Riopipeline fair, which will take place in September.

“We will have some important investments in refining, in order to ensure low sulfur content in diesel. Several investments are being planned, totaling US$ 370 million in logistics and US$ 1.4 billion in refining,” informed the Petrobras manager in his speech.

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Paulo Nogueira

Furthermore, he highlighted some investments in logistics. “We will continue to invest strongly. We are launching the first phase of our master plan for pipelines, with the construction of two new segments, one for LPG and another for oil in the state of São Paulo, installing pumps in Cubatão. We will enable the supply of aviation kerosene in Brasília,” he added.

The proposal is to use more pipelines than trucks to supply the Federal District with aviation kerosene.

Government Wants To Auction Oil And Gas Blocks Beyond The 370 Km Limit Of Brazil’s Continental Shelf And Increase Reserves By 50%.

Brazil will have a ‘mirror of the pre-salt’ for sale in the next two years. An area the size of Uruguay has already been recognized. The new frontier for oil exploration in an area the size of the pre-salt is on the government’s radar for private initiatives. The Ministry of Mines and Energy intends to include in auctions, in the next two years, exploratory blocks at sea beyond the 200 nautical mile limit (about 370 kilometers from the coast) established by the United Nations (UN) as the country’s exclusive economic area.

The main focus is the area near the pre-salt. Experts estimate that exploring this maritime area could increase Brazil’s oil and gas reserves, currently estimated at 15.9 billion barrels, by 50%.

Studies are advanced and for the first time in 2020 or 2021, blocks that can extend up to the limit of 350 nautical miles, almost 650 kilometers from the coast, will be auctioned. The greatest potential is seen in the area adjacent to the pre-salt, in the Santos Basin, in the Southeast.

Extensive list of offshore vacancies to meet immediate positions for PLSV of Subsea 7

Petrobras to Invest $1.4 Billion to Produce Low-Sulfur Diesel

Petrobras Aims To Enable Its Refineries To Produce Diesel With Lower Sulfur Content, This Project Will Cost The Oil Company US$ 1.4 Billion

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Government Wants To Auction Oil And Gas Blocks Beyond The 370 Km Limit Of Brazil’s Continental Shelf And Increase Reserves By 50%.

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