Espirito Santo Oil & Natural Gas Yearbook 2021
80
ESPÍRITO SANTO OIL & NATURAL GAS YEARBOOK | 2021
CHAPTER 5 OPPORTUNITIES FOR ESPÍRITO SANTO
81
87
The greater volume
of investments in
renewable energies
is related to the
growing concern of
global leaders with
the energy transition,
aiming at reducing
CO2 emissions and,
consequently, miti-
gating the effects of
global warming.
and gas industry have undergone
significant changes in the compo-
sition of their investments since the
outbreak of the Covid-19 pandem-
ic. Companies started prioritizing
investment projects with higher re-
turn rates, focusing on the planning
of already consolidated oil and nat-
ural gas exploration and production
projects, which required a lower
volume of invested capital.
In this scenario, part of the indus-
try's global investment capacity
was absorbed by the renewable en-
ergy sector. The greater volume of
investments in renewable energies
is related to the growing concern of
global leaders with the energy tran-
sition, aiming at reducing CO2 emis-
sions and, consequently, mitigating
the effects of global warming.
state will receive a total of US$ 8.1
billion in investments in the oil and
gas sector by 2025. In total, 7 proj-
ects were identified in the State,
mainly involving the companies
Petrobras, Karavan Oil and Gas and
Shell. The highlight is the Integrated
Project of Parque das Baleia (IPB).
The Parque das Baleias Integrated
Project (IPB) intends to increase
the oil and gas recovery factor by
optimizing the current drainage net-
work, with the interconnection of a
new FPSO 42. In November 2021, a
letter of intent was signed between
Petrobras and the company Yinson
for chartering and providing ser-
vices for the new FPSO, which is
US$ 8.1
billion
expected to commence operations in investments are expected
in 2024. Currently, the project is in- in the oil and natural gas sec-
cluded in Petrobras' Strategic Plan tor in Espírito Santo by 2025
2022-2026 and has a total invest-
ment of R$ 5.0 billion. Table 9 pres-
ents the main projects identified by
Ideies Investment Compass.
Chart 47 - Investment in the oil industry worldwide (in billions of US$)
250
225
200
175
150
125
100
75
50
25
0
Oil & Gas Sector Worldwide
Renewable Energies Sector
Source: FDI Markets | Prepared by: Ideies/Findes
Project
Petrobras
- Integrated of Parque das Baleias
(IPB).
Table 9 - Main investments announced in the Oil & Gas industry in Espírito Santo for the next 5 years
Investor
Sector
Municipality
Anchieta, Piúma,
Itapemirim, Marataízes
and Presidente kennedy
Amount (mil-
lions R$)
Project Status
Oil & Gas
5,000 Ongoing bidding
Investment opportunity in areas
Karavan Oil & Gas of exploration and production of
Petrobras' Divestment Plan
Oil & Gas
São Mateus, Conceição
da Barra and Jaguaré
1,000
In execution
Shell Brasil
Development and Production of
the fields in the Southern Shore
of Espírito Santo.
Oil & Gas
Anchieta, Piúma,
Itapemirim, Marataízes
and Presidente Kennedy
1,000
In execution
PetroRio
The Wahoo project contemplates
the drilling of wells and the connec-
tions between the wells and the
Frade FPSO.
Oil & Gas
Presidente Kennedy
800
In execution
ESGÁS
Expanding the distribution net-
worki in another 292 thousand
meters and connecting over 96
thousand new consumers
Oil & Gas
Espírito Santo
260
Planning
In execution
40
In execution
754
is the number of investment
signals worldwide for the oil
and natural gas industry
According to the FDI Markets plat-
form, there are currently 754 in-
vestment signals worldwide for the
oil and natural gas sector. Brazil is
mentioned in 26 projects, 3.44% of
the total. The projects that men-
tion Brazil are mostly from new
investment strategies or regarding
expansions of already consolidat-
ed projects. The capital invested
come mainly from Spain, the Unit-
ed Kingdom, and Norway. Brazil
competes for receiving these in-
vestments with countries such as
India, Mexico, South Africa, and
South American countries such
as Peru, Argentina, Bolivia and
Colombia.
In Espírito Santo, according to
the investment survey carried out
by Ideies, it is estimated that the
Imetame
The company acquired from
Petrobras the entirety of the inter-
est in onshore fields of the Lagoa
Parda Complex.
Oil & Gas
Linhares
40
40
ESGÁS
Interconnection of the Linhares
distribution network to the
Cacimbas-Catu transportation
pipeline for expanding the supply
capacity to the municipality of
Linhares.
Oil & Gas
Linhares
40
Total
Source: IJSN, Petrobras, ESGÁS and Bandes | Prepared by: Bússola do Investimento - Ideies/Findes
42. The area of the park is formed by the Jubarte, Baleia Azul, Baleia Franca, parts, portions of Cachalote and Pirambu.
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