FIRJAN: The state of Rio should receive R$ 50 billion over next 3 years from the oil sector

The sixth edition of the Anuário do Petróleo no Rio points to an expectation of R$ 50 billion in investments in the sector in the state of Rio over the next three years, in actions that would generate approximately 63,000 jobs. The document is produced by FIRJAN (the federation of industries of the state of Rio de Janeiro) and signals a recovery in the sector, after a year of decline in activities related to oil and gas due to the Covid-19 pandemic. The state’s share of production continues to rise and reaches 80% of Brazilian oil, with most of it extracted from the pre-salt layer.

In April, there was a peak of 2.97 million barrels of oil per day, a level close to the 3.16 million daily recorded in the first month of 2020. The prospect is for an increase this year, with the start of operations of the FPSO Carioca scheduled for this month, in the Sépia field. The structure will have the capacity to produce over 180,000 barrels a day.

According to projections by the Energy Research Company (EPE), Brazil will go from the production level of 3 million barrels per day to 5.3 million, with the possibility of exporting 3.4 million barrels per day daily. If these projections are confirmed, the country could become one of the five largest oil exporters in the world and would be one of those that would present the greatest production growth outside the Organization of Petroleum Exporting Countries (OPEC) environment.

Source: CNN Brazil

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