The Brazilian offshore sector will receive US $ 116.2 billion in investments between 2016 and 2025, according to GlobalData. The amount represents 13% of the $ 871.7 billion to be invested globally over the next nine years. Of the total invested in Brazil, US $ 90.9 billion will be invested by Petrobras, which will be the company with the largest overall budget in the period.
According to the consultancy, the country will continue to lead the offshore industry, with the largest number of projects planned to start production by 2025. In all, 236 projects are scheduled to start the development stage in the next nine years, of which 40 are in Brazil, 29 are in the UK and 21 in the United States.
“Brazilian offshore commercial reserves are second only to Russia, Iran and Mozambique,” said Matthew Jurecky, responsible for the area of research and oil and gas consulting firm GlobalData.
In all, the projects scheduled to go into production in Brazil have 13.3 billion boe of recoverable reserves. Comparatively, the projects coming into production in Norway, United States, United Kingdom and Nigeria in the same period totaled 12.9 billion boe in recoverable reserves.
The expectation is that between 2016 and 2025 the Iranian state National Iranian Oil Company will present the highest growth in production, but Petrobras will have the largest number of projects going into production. The Brazilian oil company predicts that 35 areas will produce the first oil in the period, of which 34 will focus on oil and gas.
Pemex will put nine areas in production in the same period, and Chevron, which will have eight projects coming into production.