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Fri, Oct

Petrobras Looks to Establish Amazon Logistics Center

Offshore Engineer

Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week…

Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.

The company's logistics subsidiary Transpetro will do the studies, Luis said, adding the center would support Petrobras operations in the event of a major discovery.

Petrobras confirmed Transpetro is set to start the studies but did not provide more details. Previously Petrobras Chief Executive Magda Chambriard said that if there is a major find, the state-run oil firm could start production in about seven years.

Petrobras is not looking only at Amapa for potential sites, but the studies are a "victory" for the state as it seeks to attract investments, Luis said on the sidelines of the OTC industry event in Rio de Janeiro.

During the event, the governor had a joint meeting with about 20 firms, according to a person who attended, including representatives from SBM Offshore, Siemens, Subsea 7 and Technip FMC, who provide services for the oil industry.

Firms signaled they will look into setting up shop in Amapa, he told Reuters in a late Wednesday interview.

"We're working very hard to prepare

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