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Montevideo, September 26th 2018 - 05:03 UTC

Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Thursday, June 2nd 2011 - 08:57 UTC
Full article 8 comments
Brazil’s offshore oil development promises good business opportunities Brazil’s offshore oil development promises good business opportunities

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.

The plant will be located in Santa Cruz, in the outskirts of Rio de Janeiro. The manufacturing plant is slated to begin operations by the third quarter of 2012.

Rolls Royse is also seriously considering another 60 million USD investment in Brazil in the next 2 or 3 years, in the oil and gas sector and in other sectors such as airplane turbines.

The location in Santa Cruz was chosen because of its proximity to the company’s client base in Rio de Janeiro and also to its proximity to the Campos Basin, where over 80% of the Brazilian oil and gas is produced, it is also near the Santos Basin, where most of the major pre-salt finds are located and where the new Brazilian oil boom is actually taking place.

The fact that the Itaguai Port is very close is also a definite bonus as it will be used to import most of the equipment that makes up the energy modules. These equipments are all built in the United States. The port will also be used to transport the finished modules to the offshore rigs, when necessary.

In 2010, Rolls Royce South America earned in excess of 700 million USD and these earnings are forecast to double in the next 10 years with the increase in shipbuilding along with new rigs and FPSO already in construction or already ordered.

Brazil is responsible for around 80% of Rolls Royce business in South America and it would be safe to speculate that this percentage is bound to rise even further in the next 5 to 10 years, according to company’s estimates.

 

Top Comments

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  • Dan4

    You guys need a copy editor to check your headlines. Last time I checked, the name of the company was Rolls-Royce, not Rolls Royse.

    Jun 02nd, 2011 - 12:11 pm 0
  • briton

    I bet the argies won’t be very happy, doing business with the enemy,
    And trading with a company that has connections with the Falkland’s,
    shhhhh dont tell Argentina .lol

    Jun 02nd, 2011 - 05:27 pm 0
  • GeoffWard

    Energy modules,
    all built by (?) Rolls Royce / for (?) Rolls Royce in the United States (why?),
    used on Brasilian (?) rigs - but nowhere in the Mercopress article does it say what they are or what they do.
    Am I supposed to guess the missing info?

    Jun 02nd, 2011 - 05:56 pm 0
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