Brazilian oil companies are seeming to find their success in local collaboration, and the international community is taking notice.
Maurício Mendonça Godoy, a Harvard Business School alumni and the current CEO of (EBR)Estaleiros do Brasil Ltda; a company that deploys topside units to an oil field’s floating production, storage, and offloading systems, has partnered with Petrobras to expedite the construction of an offshore oil platform. A contractual agreement with Petrobras was reached with Maurício Mendonça Godoy and his team to construct the P-74, a floating platform, in the pre-salt sediment of the Santos Basin off the coast of Rio De Janeiro.
The significance of the offshore location for the P-74 is highly competitive because it is rapidly becoming to be Brazil’s premier location for black gold, with enough reserve to offset and surpass other international drill operations. Petrobras knew the potential of the location, which is why they tasked EBR to ensure the P-74 operated at a profitable capacity. The P-74 was slated to to produce a capacity of 150 thousand barrels a day and compress 7 million m3 of natural gas per day under difficult conditions. EBR projected that they could meet that demand and also reduce environmental impact by having most of construction materials for the project provided locally.
Since the fulfillment of the contract 60 days early, Maurício Mendonça Godoy has proven he can deliver; out of 29 thousand tons of processing plant, 24 thousand were made locally and manufactured in an EBR shipyard. As for oil production, his platform has been able to produce it’s projected 150 thousand barrels of oil and 6.5 million m3 of gas per day during field operations. While his platform alone is not enough to displace international oil competition, it does prove that Estaleiros do Brasil Ltda does have the capacity to complete complex projects and places Maurício Mendonça Godoy and his company on the Brazilian oil’s main stage.