London, January 23 - Neftegaz.RU. According to analytics company GlobalData, 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.
The company’s report: Top Oil & Gas companies planned projects and capex outlook in South America – Petrobras and PDVSA lead capex across Oil & Gas value chain, reveals that Petrobras tops the list with capex of $49.4 billion (bn) followed by PDVSA and Exxon Mobil with capex of $25.4bn and $14bn.
On the upstream front, Petrobras leads among companies with capex of $36.9bn to be spent on 28 planned and announced upstream projects in South America. Exxon Mobil and CNOOC follow with $13.1bn and $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 $2.2bn by 2025. Petrobras leads the new-build pipeline capex of $1.4bn to be spent on 2 planned pipelines in Brazil during the period 2018–2025.
On the downstream side, PDVSA is expected to lead with new-build capex of $19.9bn by 2025. Pertobras and Guangdong Zhenrong Energy follow with capex of $7.2bn and $4bn, respectively.
In the petrochemicals sector, Petrobras leads with new-build capex of $3.5bn, during 2018–2025. YPFB and CF Industries Holdings follow with new-build capex of $3bn and $1.7bn.