Pre-Salt

Change in rules unlock investment in the oil and gas chain, says Carlos Abijaodi of CNI

T&B Petroleum/Agência CNI de Notícias
12/08/2016 20:48
Change in rules unlock investment in the oil and gas chain, says Carlos Abijaodi of CNI Imagem: Divulgation CNI/Carlos Abijaodi Visualizações: 3143 (0) (0) (0) (0)

The recovery of investments in the oil sector will speed up the resumption of growth of the Brazilian economy. However, for this to occur, it is necessary to improve the regulatory framework of the pre-salt, more flexible clause that obliges Petrobras to participate in all oil exploration blocks on a sharing basis. "In practice, this means that no relevant round of the pre-salt will be held while Petrobras to recover their finances," said Carlos Abijaodi, Industrial Development Director of the National Industry Confederation (CNI).

 

The role of Petrobras in the pre-salt exploration was hearing theme held by the House of Representatives to discuss the bill in 4567/16, which provides Petrobras to choose which pre-salt blocks exploring - under the current rules, the state has minimum of 30% in each winning consortium. Given the financial crisis facing, however, Petrobras has no capacity to take on new exploration blocks in the pre-salt, catching new auctions and therefore the entire oil and gas chain.

 

Abijaodi pointed out that the sharp drop in investment of Petrobras led to the closure of high-tech companies in the country and thousands of jobs, accentuating the crisis, especially in municipalities with growth linked to the sector. In addition, no impact on the collection of the State, affecting their health and education financing capacity. "The slowdown in oil exploration in Brazil is destroying a heritage that cost us a lot to build," said the director.

 

INVESTMENT AND EMPLOYMENT - According to data from the Brazilian Association of Oil Service Companies (ABESpetro), paralysis in investments in the production chain of oil and gas led to the loss of 510,000 jobs between suppliers and service providers since 2012. Furthermore, for every $ 1 billion invested in the sector, are created 25,600 jobs. "We need to re-energize the industry, we can capture immediate investment," said the executive secretary of ABESpetro, Gilson Freitas Coelho.

 

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