Joe Fagan

Former Soccer Star, Now Soccer Fan

June 30, 2019

Mauricio Mendonca Godoy Announces Changes On The Dates Completion Of The P-74 Oil Project

During the construction of the P-74 oil facility in Rio de Janeiro, the president of Estaleiros do Brasil, Maurício Mendonça Godoy announced the change of terms completion. Maurício Mendonça Godoy added that the project is under development at a good pace and on its final stages; thus, the extension period is not too long. The project was scheduled to end on December 2015 but later announced that the contract would further be extended to mid-2016. Petrobras was to commission the project while Estaleiros do Brasil group scheduled to finalize the facility on its final stages of completion.

The yard comprised of more than one thousand people and was expected to increase up to three thousand in the next phase of the construction. On the other hand, Maurício Mendonça Godoy mentioned about the San Jose do Norte shipyard, which was also under construction and at a good pace. However, he said that the shipyard had consumed its resources of more than R$400 million but in need of more than R$280 million also. The Merchant Marine Fund had promised to loan the amount by failed to deliver.

Maurício Mendonça Godoy addressed these issues during a meeting at Piratini Palace while with Governor Jose Ivo Sartori and secretary of Development, Science and Technology, Fabio Branco. According to Fabio Branco, the government would assist with the agreement between Estaleiros do Brasil and Merchant Marine Fund for the money to reach the shipyard. More so, the financing had already been approved, but the union remained hesitant in releasing the funds. Another issue rose was on licensing where the Gaucho Executive had to assist in obtaining an operational license from the State Foundation for Environmental Protection.

Maurício Mendonça Godoy is the chief executive officer of Estaleiros does Brasil since January 2015. Before joining Estaleiros do Brasil, he served as the CEO of Toyo Setal Empreendimentos between June 2012 and January 2015; and taking a similar role at SOG Oil & Gas from April 2010 to July 2013. He also worked as the Chief Operating Officer at SOG Systems in Oil and Gas for one year and nine months. He attended Harvard Business School and later pursued mechanical engineering at Mackenzie Presbyterian University.

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