Brazil's Oil Sector Projected Create 400,000 Jobs in Next Two Years

Sector facing oil boom and increased security

Rio de Janeiro

For the first time in six years, Brazil’s oil sector will see employment growth. This growth is driven mainly by exploration support activities.

The sector is expected to create up to 400 thousand new vacancies in the next two years. It is already talking about manpower bottlenecks due to the flight of professionals during the crisis.

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes - REUTERS

According to data from Caged (General Register of Employed and Unemployed) compiled by LCA Consultores, the employment balance in oil exploration and support activities in the country is positive, with 306 vacancies until September. If it keeps pace, 2019 will be the first year since 2012 with increased jobs in the sector.

According to experts, the turnaround in employment in the sector reflects the entry into operation of new platforms from Petrobras and the resumption of auctions for exploratory areas in recent years. 

Translated by Kiratiana Freelon

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