Investor Presentaiton
CHAPTER 3 | ECONOMIC REFLECTIONS
Chapter 3
ECONOMIC
REFLECTIONS
The exploration and production of oil
and natural gas generates demands
for goods and services that creates
a specialized market in its surround-
ings. As a result, there is an expan-
sion in the number of companies,
qualified jobs, investments and the
payment of financial compensation
and taxes related to the exploitation
of this natural resource.
3.1. Companies and jobs in
the productive chain of the
O&G sector
45
45
The chain of the oil sector of
the State of Espírito Santo was
segmented into five links: (i) ex-
ploration and production (E&P),
also known as upstream, which
consists of the activities of ex-
traction and production of oil and
gas (O&G); (ii) derivatives, which
are the activities related to the
processing of oil and natural gas;
(iii) supply, which consists of the
transformation and commercial-
ization of O&G products; (iv) pet-
rochemical, which is a branch of
the chemical industry that uses
oil and natural gas as an input;
and (v) supply chain, in which
industrial activities that provide
specific products and services
for E&P activities are inserted.
In 2021, the productive chain of
the O&G sector had 527 compa-
nies in Espírito Santo, 5.4% higher
than in the previous year (table
1). This total of companies repre-
sented 2.2% of all national com-
panies in the segment and 0.6%
of all companies in the state. This
number of companies was dis-
tributed in the following links as
follows: 80.8% in the supply chain;
527
companies in Espírito
Santo operating in the oil
and natural gas production
chain in 2021
Supply
Chain 80.8%
Supply 10.1%
E&P 6.6%
10.1% in supply; 6.6% in E&P; 1.5% Petrochemical 1.5%
in petrochemical companies and
0.9% in petroleum derivatives.
Petroleum
derivatives
0.9%
Table 1 Companies in the productive chain of the O&G sector in Espírito Santo (in units)
Chain links
E&P
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Oil derivates
Petrochemicals
Supply
Supply Chain
Total
32
27 26 26 27 26
20
24
30
34 35
7
6
16
6
5
6
5
7
6
5
сл
2
2
2
1
0
1
1
1
2
5
8
57
53 52 54
52 52 51
51
44
49
49
48 53
416 406 407 426
427 440 468 474 483 450 422
525 528 555 561 568 534 500 490 494 500 527
Source: Ministry of Labor and Social Security | Elaboration: Industry Observatory/FindesView entire presentation