With a growing number of offshore mature fields nearing the end of their life in Brazil, decommissioning of ageing production platforms and subsea infrastructure is expected to attract a lot of investment in coming years.

Brazilian oil giant Petrobras is spearheading investments in decommissioning with plans to spend more than $4 billion in such activities by 2026, but small independent companies are also likely to play a key role in unlocking the sector.

In 2021, Petrobras hired Portuguese company Mota-Engil to be in charge of its first major engineering, preparation, removal and disposal contract for decommissioning more than 75,000 tonnes of old infrastructure on the seabed temporarily being stored near the Corvina, Pargo and Garoupinha shallow-water fields in the Campos basin.