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Heads up; Petrobras announces the contracting of 3 new FPSO's with great possibility of being built in Brazil

Paulo Nogueira
15-11-2017 07:55:46
in Uncategorized
Shipyard with fpso vessels

The market received this news from Petrobras with great expectations of job creation and the reactivation of shipyards

[supsystic-social-sharing id='1′]A Petrobras just released a news that no one expected, taking the market by surprise naval and offshore. Pedro Parente has just announced the contracting of 3 new FPSO's for 2018. The state-owned company said that even one of the bids has already started and will be destined for the Búzios field. The remaining two will be sent to the Marlim asset, located in the Campos Basin, and the other will go to Parque das Baleias, in the Espírito Santo Basin.

If these vessels were built in the country, it will be a symbol of recovery of the chain of Brazilian suppliers and/or that operate in the country in the oil segment. Parente also points out that these new offshore units constitute the Business Plan for the period 2018-2022. The rectification of this plan will still be carried out before the end of 2017, according to the president of Petrobras.

The budget team, based on current market quotes, indicates that each unit will be around US$ 1 billion. The state-owned company also stated that investments for next year will be much higher compared to 2017. This tranquility of Petrobras to make these investments is also due to the profit of R$ 266 million in the 3rd quarter of this year, a clear sign that the policies adopted by Pedro Parente are having some practical effect.

In practice, this may represent an air of hope for the naval industry and the resumption of some shipyards. For professionals who have spent their whole lives working in this area and are now stopped due to the stagnation of the market, this statement by Parente can change this situation.

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Paulo Nogueira
With technical training, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.