Oil exploration could generate more than 320 thousand new formal jobs in states in the North and Northeast – News of Brazil
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Oil production activity in the Brazilian Equatorial Margin has the potential to create 326,049 new formal jobs in the region that covers states in the North – including Amapá – and the Northeast. Data collected by the National Industry Observatory of the National Confederation of Industry (CNI) show that extraction in the region can add R$65 billion to the national Gross Domestic Product (GDP) and add R$3.87 billion to indirect revenue.
According to the CNI study, 53,916 jobs would be created in Amapá, with an additional value to the GDP of R$ 10.7 billion, an increase of 61.2%.
In May last year, the president of Ibama, Rodrigo Agostinho, followed the agency’s technical opinions and denied granting a license for drilling in block 59, located near Foz do Amazonas. Petrobras appealed and is pressing for the issuance of a license still in progress. 2024.
Meanwhile, the state-owned company is seeking to obtain licensing for another area also on the equatorial margin, in the Potiguar basin. The new operation, according to the state-owned company, is not related to the FZA-M-59 block, located in the Foz do Amazonas Basin, which has been a source of dispute between Petrobras, the Ministry of Mines and Energy and the environmental agency. Ibama has not yet granted a license for this new phase of research on the equatorial margin. Petrobras is awaiting the license to begin research in the area.
Without obtaining new licenses to test new wells, Petrobras may have to remove the Potiguar Basin drilling rig from the region, according to the director of Exploration and Production, Joelson Mendes. Petrobras drilled a well in Potiguar and is in the process of drilling a second well, but needs environmental licenses to carry out a complete study of the potential in the region.
IMPACTS
The survey carried out by the CNI shows that oil production in the Equatorial Margin can contribute to reducing chronic socioeconomic inequalities in the North and Northeast regions, which concentrate the largest number of people in situations of poverty and extreme poverty.
The Equatorial Margin reserves are Petrobras’ main bet to maintain the level of oil production from the 2030s onwards and for decarbonization and energy security during the transition to a green economy. The business plan for the period from 2024 to 2028 establishes US$3.1 billion in investments in the region.
“Oil production on the equatorial margin has the potential to provide resources to improve Brazil’s energy security, open transition paths to a green economy and decarbonization, in addition to promoting social and infrastructure advances in the states that make up the Margin. It is important to say that this will depend on the country’s ability to build resource governance that guarantees transparency, goals and oversight of the application of wealth obtained from exploration.”, says the director of Industrial Development at CNI, Rafael Lucchesi.
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