Petrobras Launches Tenders for Offshore Wind Energy Project in Brazil

Petróleo Brasileiro S.A. - Petrobras PBR has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development.

Taking a Look at the Survey Tenders

Petrobras has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development. The first geophysical survey targets ultra-shallow waters near São João da Barra to gather subsurface data through bathymetric, topographic and electrical tomography methods by conducting surveys at a depth of about 10 meters, covering an area of about 1.5 square kilometers. These methods will deliver critical subsurface insights needed to assess the area's potential for offshore wind development.

The second geotechnical survey focuses on soil conditions in shallow and beach environments. This survey will extend the geophysical study by offering essential data on soil conditions, crucial for designing and building wind turbine foundations.

Port of Açu: A Strategic Wind Energy Location

Located near the survey area, the Port of Açu offers logistical advantages for Petrobras' offshore wind pilot. Its infrastructure and proximity to the survey area enhance the feasibility of the project, aligning with Petrobras’ broader renewable goals and Brazil’s growing energy transition efforts.

Brazil’s Massive Offshore Wind Potential

According to a 2024 DNV study for the World Bank, Brazil boasts more than 1.2 terawatts of offshore wind potential. This sector could play a major role in meeting green hydrogen targets and fueling economic growth, potentially generating more than 500,000 jobs and adding $168 billion in national gross value. With more than 100 projects awaiting licenses, Petrobras’ initiative could pave the way for a cleaner, more sustainable future.

PBR’s Zacks Rank & Key Picks

Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A. or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold).

Investors interested in the energy sector might look at some better-ranked stocks like Flotek Industries, Inc. FTK, Global Partners LP GLP and RPC, Inc. RES. While Flotek Industries and Global Partners currently sport a Zacks Rank #1 (Strong Buy) each, RPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Flotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. The Zacks Consensus Estimate for FTK’s 2025 earnings indicates 55.88% year-over-year growth.

Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. GLP owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. The Zacks Consensus Estimate for Global Partners’ 2025 earnings indicates 17.84% year-over-year growth.

Atlanta, GA-based RPC is an oilfield service provider in almost all of the prospective plays, like the Rocky Mountain regions, Appalachian area, Gulf of Mexico and other resources in the United States. The Zacks Consensus Estimate for RES’ next quarter earnings indicates 33.33% growth.

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This article originally published on Zacks Investment Research (zacks.com).

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