For a developing nation with the full range of typical third-world problems, including uncontrollable violent crime, severe poverty and endemic corruption, Brazil has maintained an incredible level of self-sufficiency. And this has been a key factor in the country’s ability to maintain its dominance among all Latin American oil producers. With Brazil now ranked as the 10th largest oil-producing nation in the world, with the 15th largest proven reserves, the Brazilian petroleum sector is surging. And this is in large part due to the country’s ability to tap into a seemingly endless supply of leadership, in-field talent and ingenuity. And no one personifies these qualities better than Maurício Mendonça Godoy.
Maurício Mendonça Godoy continues pushing Brazil’s petroleum industry to the next level
With its introduction of the P-74 floating-production-storage-and-offloading platform, Estaleiros do Brazil is helping to push its country’s oil industry to the very cutting edge of what’s technically possible. The P-74 is the brainchild of Estaleiros do Brazil’s CEO, Maurício Mendonça Godoy. As a decades-long oil-industry executive, Maurício Mendonça Godoy was one of the first to recognize that Brazil’s future ability to continue as a major player in the global oil industry would someday come to rely upon much harder oil plays. And for a country with hundreds of millions of proven deep-water reserves, that would mean going offshore and into some of the most challenging deep-water wells that have been tapped to date.
Up to this challenge, the P-74 has almost mindboggling capabilities. With the ability to extract, store and process 150,000 barrels of oil per day on just a single ship, the P-74’s production capacity alone could power most of the world’s major cities. But far from being a mere offshore rig, the P-74 is also able to store huge quantities of oil as well as conduct some preprocessing steps that make the fuel far more valuable to downstream customers. Above all, the P-74 integrates GPS-based automatic positioning, which allows the ship to sit perfectly stationary for months, replicating permanent oil rigs while saving tens of millions of dollars in equipment costs.