Biofuel Industry News
Petrobras and PDVSA lead Capital expenditure among companies in South America
Jan 31 2019 Read 1233 Times
Petrobras and PDVSA are the top spenders among all oil and gas companies in South America, in terms of new build capital expenditure (capex) to be spent during 2018–2025, according to leading data and analytics company GlobalData.
The company’s report reveals that Petrobras tops the list with capex of US$49.4 billion (bn) followed by PDVSA and Exxon Mobil with capex of US$25.4bn and US$14bn.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Petrobras’s planned and announced projects portfolio is mainly focused on upstream production projects and refineries. On the other hand, PDVSA plans to spend more than 75% or US$19.9bn on upcoming refineries during the outlook period.”
On the upstream front, Petrobras leads among companies with capex of US$36.9bn to be spent on 28 planned and announced upstream projects in South America. Exxon Mobil and China National Offshore Oil Corp follow with US$13.1bn and US$6.1bn to be spent during 2018–2025.
GlobalData identifies that, on the midstream side, PDVSA leads the gas processing segment with new-build capex of US$2.2bn by 2025. Petrobras leads the new-build pipeline capex of US$1.4bn to be spent on two planned pipelines in Brazil during the period 2018–2025.
An announced LNG liquefaction project, Port of Ilo, is expected to have the highest new-build capex of US$700 million (m) spent by Yacimientos Petroliferos Fiscales Bolivianos. Golar LNG Ltd leads with the highest LNG regasification capex of US$818m, during the outlook period.
In the gas storage segment, Engie SA tops with capex of US$276m to be spent on an announced project, Salvador de Bahia, in Brazil between 2018 to 2025. Peruana de Combustibles SA leads with the highest liquids storage capex of US$40m to be spent on the Mollendo II liquids storage terminal in Peru.
On the downstream side, PDVSA is expected to lead with new-build capex of US$19.9bn by 2025. Pertobras and Guangdong Zhenrong Energy Co Ltd follow with capex of US$7.2bn and US$4bn, respectively.
In the petrochemicals sector, Petrobras leads with new-build capex of US$3.5bn, during 2018–2025. Yacimientos Petroliferos Fiscales Bolivianos and CF Industries Holdings follow with new-build capex of US$3bn and US$1.7bn.
Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.
In this edition Fuel For Thought - Zeeland Refinery bridges gaps in planning and scheduling with dynamic optimisation software - TASI Group continues expansion with Sierra acquisition - Stu...
View all digital editions
Sep 23 2019 Ancona, Italy
Sep 23 2019 Buenos Aires, Argentina
Sep 24 2019 Sao Paulo, Brazil
Sep 24 2019 Amstserday, Netherlands
Sep 24 2019 New Delhi, India