Wärtsilä sees business booming in Brazil port
Finland's Wärtsilä is bullish on the outlook for its Brazilian multi-product plant in the Porto do Açu complex in Rio de Janeiro state, the company's energy solutions director Jorge Alcaide told BNamericas.
Inaugurated in 2016 to manufacture offshore drilling systems for Sete Brasil, the 20mn-euro (US$25mn) plant was cold stacked a year later after the contract with the local drilling rig charterer was suspended.
Wärtsilä, however, is looking forward to using its Açu facilities to perform maintenance services and test equipment as Petrobras and other oil companies ramp up operations in the area.
"We are confident on new business opportunities, since the complex is expected to support offshore activities in the Campos, Espírito Santo and Santosbasins," Alcaide said.
In 2015, the Brazilian NOC closed a 15-year contract with US group Edison Chouest for logistics services associated with exploration and production off Brazil's southeast coast. The same group also supports US oil major Chevron's Frade project.
ELECTRIC POWER
But the oil and gas sector is not the only one on the Finnish company's radar, as new opportunities in the electric power sector are also expected to flourish.
Earlier this month, Wärtsilä extended an operation and maintenance (O&M) contract with Brazil's Companhia Energética Manauara, in Amazonas state, for the Manauara thermoelectric plant.
Over its 28-year presence in Brazil, Wärtsilä has supplied equipment and projects to 31 thermoelectric plants with total installed capacity of 3GW.
"All expectations point to a resumption of Brazil's GDP growth, positively affecting the infrastructure market, which, in our case, involves the energy and maritime segments," Alcaide said.
ARGENTINA
While waiting for the Brazilian economy to recover, Wärtsilä was active in Argentina in the last couple of years, where it hired new personnel.
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