The investment was motivated by hydrocarbon exploration off the coast of Brazil's Southeast Region — the same market that boosted offshore production is now driving the decommissioning cycle.
After decades of operation, offshore assets in Brazilian waters lack appropriate insurance policies and have become technologically obsolete, exponentially increasing operational costs.
Their owners — operators and shipowners — now seek removal, dismantling and recycling according to environmental standards linked to their countries of registration.
Nearby exploration blocks include BM-ES-20, BM-ES-8, BM-ES-7, BM-ES-6, BM-ES-9, BM-ES-11, BM-ES-10, BM-C-25, BM-C-19, BM-C-6, BM-C-4 and ESS-120.
Located in the Greater Vitória Region, the bay offers a naturally sheltered environment protected from waves — ideal for uninterrupted port operations.
The Greater Vitória Region offers a robust and diverse infrastructure essential for economic development and supporting port operations.
Strong metal-mechanical segment serving ArcelorMittal, Vale, Fibria, Samarco and EDP.
Vast network of schools, colleges and universities for technical training.
Vitória Airport (expanding to international) and the Vila Velha Aeroclub for helicopters.
Hospitals and clinics across all specialties, complemented by hotels of every standard.
Vitória is strategically positioned within a 1,000 km radius of Brasília, Salvador, Belo Horizonte, Rio de Janeiro and São Paulo. The region is served by the BR-101 and BR-262 highways, the Vitória-Minas railway, and the Vitória Port Complex with EADI customs stations in Cariacica and Vila Velha.