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Project(s): View 10 related projects in PECWeb
Plant(s): View 9 related plants in PECWeb
Released July 20, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Odebrecht S.A. (Salvador, Brazil) lately has been the focus of much ire in its home country of Brazil, with its well-connected executives implicated in the massive government-kickback probe surrounding state-run oil company Petrobras (NYSE:PBR) (Rio de Janeiro). But the conglomerate remains the largest construction firm in Latin America, with projects spanning multiple industries and reaching across the Atlantic to Africa. Industrial Info is tracking $14.12 billion worth of projects involving Odebrecht in some capacity, more than $12 billion of which are among the 10 highest-valued. More than 90% of the total is attributed to just three industries: Power, Oil & Gas Production, and Industrial Manufacturing.
By far the largest project involving Odebrecht is found in Angola's troubled offshore oil fields: Maersk Oil's (Houston, Texas) $2.5 billion crude-oil and natural-gas floating production, storage and offloading (FPSO) platform in the Gulf of Guinea. Odebrecht is slated to serve as project manager for the facility, which is located in Block 16 in the lower Congo Basin. However, it may not reach fruition: According to Offshore Magazine, Maersk decided earlier this year to reduce capex at its offshore Angola projects, some of which may now be developed at a later date with other parties' hydrocarbon discoveries in the area. For more information, including equipment needs, expected capacities and contractor contact information, see Industrial Info's project report.
The largest Power Industry project involving Odebrecht is under construction, but enmeshed in controversy: Corporacion Dominicana de Empresas Electricas Estatales' (CDEEE) $1.95 billion coal-fired Punta Catalina Power Plant in Bani, Dominican Republic. Odebrecht is performing engineering, procurement and construction (EPC) services for the project. According to Dominican Today, the National Committee to Combat Climate Change (CNLCC) and other environmental groups say the costs and environmental impact of the project are grossly understated, which CDEEE denies. For more information, including construction schedules, environmental requirements and client contact information, see Industrial Info's project report.
Odebrecht also is playing a role in South America's renewable energy development with one of its own projects: Peruvian subsidiary Odebrecht Peru Ingenieria y Construccion's (Lima, Peru) $1.5 billion Chadin II hydropower plant in Bambamarca, Peru. But the project has faced intense opposition from local residents, who argue that villages would be flooded and more than 1,000 people forced from their homes if it is built. Chadin II has been mired in the permitting phases for upward of six years. For more information, see Industrial Info's project report.
Construtora Norberto Odebrecht S.A., a subsidiary that focuses on South American infrastructure needs, is serving as contractor on the largest project in the Industrial Manufacturing Industry to include Odebrecht: the $1.54 billion addition of a subway line in Quito, Ecuador. Line 2, which began construction early this year, is the largest infrastructure project in the history of Ecuador's capital city and will include the construction of 13 stations. For more information, including construction schedules, required equipment and contact information, see Industrial Info's project report.
The six other highest-valued projects involving Odebrecht are:
By far the largest project involving Odebrecht is found in Angola's troubled offshore oil fields: Maersk Oil's (Houston, Texas) $2.5 billion crude-oil and natural-gas floating production, storage and offloading (FPSO) platform in the Gulf of Guinea. Odebrecht is slated to serve as project manager for the facility, which is located in Block 16 in the lower Congo Basin. However, it may not reach fruition: According to Offshore Magazine, Maersk decided earlier this year to reduce capex at its offshore Angola projects, some of which may now be developed at a later date with other parties' hydrocarbon discoveries in the area. For more information, including equipment needs, expected capacities and contractor contact information, see Industrial Info's project report.
The largest Power Industry project involving Odebrecht is under construction, but enmeshed in controversy: Corporacion Dominicana de Empresas Electricas Estatales' (CDEEE) $1.95 billion coal-fired Punta Catalina Power Plant in Bani, Dominican Republic. Odebrecht is performing engineering, procurement and construction (EPC) services for the project. According to Dominican Today, the National Committee to Combat Climate Change (CNLCC) and other environmental groups say the costs and environmental impact of the project are grossly understated, which CDEEE denies. For more information, including construction schedules, environmental requirements and client contact information, see Industrial Info's project report.
Odebrecht also is playing a role in South America's renewable energy development with one of its own projects: Peruvian subsidiary Odebrecht Peru Ingenieria y Construccion's (Lima, Peru) $1.5 billion Chadin II hydropower plant in Bambamarca, Peru. But the project has faced intense opposition from local residents, who argue that villages would be flooded and more than 1,000 people forced from their homes if it is built. Chadin II has been mired in the permitting phases for upward of six years. For more information, see Industrial Info's project report.
Construtora Norberto Odebrecht S.A., a subsidiary that focuses on South American infrastructure needs, is serving as contractor on the largest project in the Industrial Manufacturing Industry to include Odebrecht: the $1.54 billion addition of a subway line in Quito, Ecuador. Line 2, which began construction early this year, is the largest infrastructure project in the history of Ecuador's capital city and will include the construction of 13 stations. For more information, including construction schedules, required equipment and contact information, see Industrial Info's project report.
The six other highest-valued projects involving Odebrecht are:
- $1.05 billion: EGESA's Central Hidroelectrica Changuinola II hydropower station in Almirante, Panama
For more information, see Industrial Info's project report. - $929 million: Grupo Iberdrola S.A.'s UHE Baixo Iguacu hydropower station in Capitao Leonidas Marques, Brazil
For more information, see Industrial Info's project report. - $780 million: Tocumen Sociedad Anonima's Tocumen International Airport South Passenger Terminal expansion in Panama City, Panama
For more information, see Industrial Info's project report. - $676.3 million: Centrais Eletricas Brasileiras S.A.'s (Eletrobras) Simplicio Anta hydropower complex in Rio de Janeiro, Brazil
For more information, see Industrial Info's project report. - $584.1 million: Centrais Eletricas Brasileiras S.A.'s (Eletrobras) unit addition at Santo Antonio hydropower station in Porto Velho, Brazil
For more information, see Industrial Info's project report. - $500 million: Odebrecht Peru Ingenieria y Construccion's Belo Horizonte hydropower station in Tingo Maria, Peru
For more information, see Industrial Info's project report.
