Petrobras, the Secretariat for Economic Development of the State of São Paulo, the InvestSP agency and the Brazilian Energy Council (Brenc) formalized a protocol of intentions to boost the offshore sector on the coast of São Paulo, aiming to strengthen the oil, gas and energy production chain in Brazil.
The agreement was signed by Petrobras' Executive Manager of Production Development Projects, Dimitrios Magalhães; the Secretary of State for Economic Development, Jorge Lima; the Director of Projects and Innovation at InvestSP, Thiago Camargo; and the Founding Director of Brenc, Eduardo Varela. The ceremony was held at the opening of SP Offshore 2025 , held at the Santos Convention Center (Santos/SP).
The objective of the partnership is to establish guidelines for institutional, technical and operational cooperation to promote coordinated actions in infrastructure, workforce development, innovation, regulation and sustainability on the coast of São Paulo, aiming to transform the region into one of the main hubs for offshore operations in the country.
The initiative is part of Petrobras' Strategic Planning 2050 and Business Plan 2025-2029, whose investments are in the order of US$ 111 billion, with US$ 77 billion planned for the development of production and exploration projects, including basins off the coast of São Paulo.
'This protocol of intentions formalizes the beginning of joint actions that will be outlined and executed by Petrobras, the State of São Paulo, InvestSP and Brenc, aiming at studying opportunities that encompass all the logistics, labor, financing and regulatory environment necessary for the development of offshore operations, and is aligned with the corporate strategy of strengthening Brazilian production chains and regional vocations, within a business logic and with competitive costs', highlights the executive manager of Production Development Projects at Petrobras, Dimitrios Magalhães.
During the opening of SP Offshore 2025, the executive manager of Petrobras' Leopoldo Américo Miguez de Mello Research, Development and Innovation Center (Cenpes), Lilian Barreto, highlighted the importance of developing offshore activities in São Paulo to ensure the country's energy security. 'Petrobras is responsible for 90% of the country's oil and natural gas production, a large part of which comes from our bases on the coast of São Paulo. Promoting actions aimed at investing in and developing the region's offshore potential contributes to the sustainability of our business and the strengthening of the sector in Brazil.'
Source: Petrobras
