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Shell Plans to Invest Over R $1.6 Billion in Brazil Over the Next Five Years, While Norwegian Equinor Has Invested $11 Billion and Will Provide an Additional $15 Billion by 2030.
The week began with excellent news for the Naval, Offshore, and Oil and Gas Industry in Rio de Janeiro! The state is set to receive a significant portion of the investments planned by oil companies Shell and Equinor for Brazil, helping to boost the maritime industry in the state. Representatives from two of the main players in the oil and gas sector announced new investments yesterday (13th) during a virtual meeting of the Special Commission on Naval Industry, Offshore, and Oil and Gas at the Legislative Assembly of the State of Rio de Janeiro (Alerj). Executives and lawmakers also discussed how the public sector can help drive the maritime industry.
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Shell Plans to Invest Over R $1.6 Billion in Brazil Over the Next Five Years
According to Shell’s government relations manager, Thomas Lucena, the company has developed 160 research and innovation projects in Brazil, with 82 of them carried out in Rio de Janeiro. Additionally, Lucena stated that the company plans to invest over R $1.6 billion in Brazil over the next five years.
“Half of the projects carried out by Shell have a primary executor located in the state of Rio; there are 42 developed with universities and another 40 with research institutions or our suppliers. UFRJ is a major partner for us. From 2016 to 2020, we had 29 initiatives with them, totaling R$ 360 million in investment. There are 16 laboratories and 360 professionals involved,” he emphasized.
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Equinor Has Already Invested $11 Billion and Will Provide an Additional $15 Billion by 2030.
Meanwhile, Equinor’s Director of Contracts and Supplies, Rafael Amaral, stated that the company – present in Brazil for 20 years – has already invested $11 billion and will provide an additional $15 billion by 2030.
“We intend to allocate this investment for the development of projects, operation and maintenance, and renewable resources. Within this budget, there is the hiring of contractors and suppliers from Rio de Janeiro, which will contribute to generating jobs and income in the state,” he commented.
The chairwoman of the commission, representative Célia Jordão, reiterated the importance of public sector engagement to help the private sector invest more in Brazilian suppliers, generating more jobs, especially for the people of Rio, shipyards, and the production chain.
“It is essential to reinforce the dialogue about the offshore naval industry to understand how state and federal spheres can contribute to improving this economic scenario. This way, companies operating in Brazil can also contribute to our state’s economy,” said Célia Jordão (Patriota).
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