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Rio de Janeiro will receive 54 billion dollars in investments from Petrobras

Written by Renato Oliveira
Published 10/08/2019 às 10:50

Uncategorized

Rio de Janeiro in the sights of Petrobras
Rio de Janeiro and Petrobras

Petrobras' estimate is to invest the amount over the next five years, according to the company's president, the state of Rio de Janeiro will still benefit from the increase in collection

With increasing oil production, Petrobras has bold investment goals in Rio de Janeiro, in the next five years alone the oil company expects to invest a total of US$ 54 billion in projects in the state.
The statement came from the president of Petrobras, Roberto Castello Branco, during a lunch at the Commercial Association of Rio de Janeiro.

The president stated that: “Our focus in the state of Rio de Janeiro is oil and gas exploration and production, which does not include gas distribution and transportation. Possibly gas-fired thermoelectric power plants. This is the company's focus. The company's focus is not industrial. We are an oil company”.

The President even made a complaint about the treatment that Petrobras receives from the locals: “Petrobras is investing US$ 54 billion – nobody cares, nobody pays attention and even keeps asking us. If a car factory arrives here and decides to invest R$ 500 million, it will be received with celebration, pomp and fanfare. Nobody cares about the billions of dollars we are investing,” he reported.

The state of Rio de Janeiro, in addition to direct investments, will also benefit from the revenue from oil production.
The president of Petrobras pointed out that, as the company has previously stated, it will intensify its focus on oil and gas exploration and production activities, until 2022, its refinery activities will also be concentrated in the states of São Paulo and Espírito Santo.

Only last year the Petrobras paid around R$ 17 billion in taxes to the state of Rio de Janeiro, a value that should increase this year and next year with the investment of foreign oil companies.
This fact made Castello Branco declare to the state governor Wilson Witzel that: “I told Governor Witzel a few months ago that he will be an oil sheikh, because Rio de Janeiro will be the third largest oil producer in the Americas. In 2022, 2023, Rio de Janeiro will only lose to the United States and Canada”.

the investments

Of the US$ 54 billion that the company will invest, around US$ 20 billion will be invested in the Campos Basin, through the purchase of exploratory blocks and partnerships with companies specialized in recovering fields, to stabilize the decline in production in the Pre -salt, because according to the president of Petrobras, the Campos Basin is already old and needs “care”.

In addition to the Campos basin, Comperj is also another Petrobras project that will require investments. Petrobras is currently awaiting a study to define which project will be carried out with the Chinese CNPC.

There is even the possibility of negotiating part of the Marlim field, in the Campos Basin, with the Chinese company taking 20% ​​of the asset and Petrobras with 80%, but CNPC would be in charge of building a refinery.

Today, Petrobras invests US$ 4 billion in the construction of the route 3 gas pipeline, to connect the pre-salt layer to Comperj's UPGN.
The venture employs 4.500 workers, according to Petrobras, most were recruited in the Itaboraí region and the forecast is to reach 7.500 people employed in the work.

Also read here on your CPG portal! Petrobras sells 7 fields in Rio Grande do Norte to 3R Petroleum!

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Renato Oliveira

Production Engineer with a postgraduate degree in Manufacturing and assembly of pipelines with 30 years of experience in inspection/manufacturing/assembly of pipelines/tests/Planning and PCP and commissioning in shipbuilding/offshore (conversion of FPSO's hulls and topsides modules) in the largest national shipyards and 2 years in a Japanese shipyard (Kawasaki) inspecting and accompanying fabrication and assembly techniques of structures/pipes/outfittings (advanced finishing) for hull from Drillships.

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