Brazil company plans to build manufacturing hub in China

At least six Norwegian companies in the oil sector are interested in investing in two equipment designed and produced in Greater Victoria. Columbia, Capixaba company oil technology, will participate in next week’s Offshore Nothern Seas (ONS), the main fair in the sector, which should close a deal of interest (teaser) with Norwegian to lead the company’s operation to international level.

If confirmed business, Columbia estimated profit to 400 million dollars, something around R $ 1.2 billion. The company was founded 21 years ago in the Sierra since 2001 and produces engines for the oil extraction operation Petrobras.

Two of these products captivate the Norwegians, who are global benchmark in oil exploration at sea. One is the slotted liner which allows this sand control in the tubes that draw liquid up to the surface, reducing by 25% the costs for maintenance of the structure.

The other is Stis, a vapor injection system which heats the bottom of the wells where the oil is heavy, increasing the flow of liquid.
According to the president of Columbia, Mark Pegoretti, interest arose from the purchase of a concession to Petrobras by the Norwegian oil company Statoil, which paid $ 2.5 billion to the Brazilian state. From this, Statoil to invest another $ 19 billion in the country by 2020, not only with the purchase of concessions in the Brazilian fields, such as the technology used in the country. Thus, the Capixaba Columbia just entering the radar of the Norwegian giant.

“They now have the largest fund of world’s assets, which is the Norwegian Sovereign Fund, which has $ 229 billion ready to invest. How have we provided service to Petrobras, they ended up being interested by our equipment. It is a great opportunity, we were on the track at the time that the train would pass, “says the president of Columbia.

Mark Pegoretti explains that at this stage of negotiations, the Norwegians send a teaser, which is a document that shows interest in investing. From this, they should visit the state to know the Columbia and close the deal. The intention is that they become partners and expand the manufacturing equipment to China or Norway. It is also planned to open offices in China, Malaysia, Middle East, Canada and the United States.

“Our products are already included in 400 wells across the country. We want to boost the International Columbia to open a new manufacturing hub and bring these products to the world. That it was something we were planning and now came the opportunity. If all goes well, I think that the agreement will be signed in the next three months, “designs.