Investment in Florianopolis of $1bn from energy giant
Date added: 1st October, 2009 at 09:57
(view all articles from October, 2009)
Categories: Economy, Natural Resources, Florianopolis
A $1 billion (£626 million) investment in Florianopolis has been announced by Brazilian energy conglomerate EBX.
The South American mining, energy and engineering company will build a shipyard near the city, in the southern state of Santa Catarina, to service the nation's growing offshore oil drilling industry.
Fields thought to contain billions of pounds-worth of oil were located in late 2007 off the country's South-East coast.
The deep sea, pre-salt fields could produce billions of barrels of crude oil, more than doubling Brazil's current reserves, according to state-owned mining company Petrobras.
Building and staffing the shipyard, which EBX say will be the biggest of its kind in Latin America, is likely to create a demand for property in Florianopolis.
Rodolfo Landim, president of OSX, the engineering arm of EBX, told local news agency Estado that the shipbuilding complex will specialise in producing oil drilling platforms, small vessels associated with the offshore oil industry, and floating production storage and offloading vessels.
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