Building a Brazilian Oil Platform

The Newest Brazilian Oil Platform

Since 2006, Brazil has been committed to energy self-sufficiency and with the discovery of vast oil fields over the last decade, the country has emerged as a major player in the world’s energy markets. Petrobras, the largest company in the Southern Hemisphere by market capitalization, is in prime position to explore Brazil’s vast reserves and is quickly building oil platforms to tap these resources. These new state-of-the-art platforms are multi-year, multi-billion-dollar projects that are speed
Photo: Getty Images

Since 2006, Brazil has been committed to energy self-sufficiency and with the discovery of vast oil fields over the last decade, the country has emerged as a major player in the world’s energy markets.

Petrobras, the largest company in the Southern Hemisphere by market capitalization, is in prime position to explore Brazil’s vast reserves and is quickly building oil platforms to tap these resources. These new state-of-the-art platforms are multi-year, multi-billion-dollar projects that are speeding into operation, but some investors are weary that these moves may not create sufficient economic return. One major investor, hedge fund manager Jim Chanos, tells CNBC that he is shorting Petrobras for this reason.

What does it look like from inside these innovative oil platforms? Click ahead for a tour of the newest Petrobras platform under construction, P-56.

Posted April 25 2011

Watch our special coverage, "Access Brazil," Monday-Thursday, April 25-28. Maria Bartiromo and Michelle Caruso-Cabrera report from Brazil on Squawk On The Street, 9-11am ET, Power Lunch, 1-2pm ET and Closing Bell, 3-5pm ET on CNBC.

Platform P-56

Pictured left, the new Petrobras semi-submersible platform dubbed P-56. It is being constructed in the resort town of Angra dos Reis in Brazil.
Photo: Justin Solomon for CNBC.com

Pictured left, the new Petrobras semi-submersible platform dubbed P-56. It is being constructed in the resort town of Angra dos Reis in Brazil.

100,000 Barrels per Day

The P-56 Platform is estimated to have the capacity for processing 100,000 barrels of oil per day once complete and in place in the Campos basin of Brazil.
Photo: Justin Solomon for CNBC.com

The P-56 Platform is estimated to have the capacity for processing 100,000 barrels of oil per day once complete and in place in the Campos basin of Brazil.

Building The Platform

By the time it is complete, 47,000 tons of steel will be used in the construction of the P-56 platform. Every part of the platform according to the projects manager, was made in Brazil.
Photo: Justin Solomon for CNBC.com

By the time it is complete, 47,000 tons of steel will be used in the construction of the P-56 platform. Every part of the platform according to the projects manager, was made in Brazil.

43-Month Construction

The platform has been under construction for 43 months. Crews are working 24 hours a day to complete it.
Photo: Justin Solomon for CNBC.com

The platform has been under construction for 43 months. Crews are working 24 hours a day to complete it.

Cost of the Build

The cost to build the P-56 Platform: more than $1.5 billion. Every component of the project was built entirely in the country, according to the construction managers.
Photo: Justin Solomon for CNBC.com

The cost to build the P-56 Platform: more than $1.5 billion. Every component of the project was built entirely in the country, according to the construction managers.

Workers Out At Sea

Workers will be flown by helicopter to the platform which will sit nearly 75 miles off the coast of Brazil. Once on the platform they will work for 15 days before being flown back home.
Photo: Justin Solomon for CNBC.com

Workers will be flown by helicopter to the platform which will sit nearly 75 miles off the coast of Brazil. Once on the platform they will work for 15 days before being flown back home.

Comfortable Quarters

As many as 200 workers will live on this floating city at any given time. They will sleep in cabins like the one pictured here, which has room for 4.
Photo: Justin Solomon for CNBC.com

As many as 200 workers will live on this floating city at any given time. They will sleep in cabins like the one pictured here, which has room for 4.

Amenities of Home

Employees who live on the platform at sea will have access to a swimming pool, gym, restaurant, movie theater and even their own soccer field, pictured left.
Photo: Justin Solomon for CNBC.com

Employees who live on the platform at sea will have access to a swimming pool, gym, restaurant, movie theater and even their own soccer field, pictured left.