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Subsea Expo
NSRI

The voice of the UK subsea industry

UK & Brazil: Partners in Energy

UK & Brazil: Partners in Energy

03-05 June 2019
Venue: Rio de Janeiro, Brazil


This event has concluded.

Market Visit Opportunity

This market visit opportunity with the Department for International trade was for UK and Brazil Partners in Energy 2019 on 3-5 June, in Rio de Janeiro, Brazil.

This was the 7th edition of the UK & Brazil: Partners in Energy event, with the objective to showcase UK capability in the energy industry, enabling companies to share expertise and consolidate strategic partnerships in the Brazilian energy market.

Brazil Oil & Gas Market Scenario and Opportunities

The recovery of oil prices, the announcement of Petrobras investments plan of more than R$ 42 billion for the next four years, as well as the recent auctions and the forthcoming ones scheduled for this year are attracting new investments to the market. An example is Exxon, which recently returned to the market and currently holds stakes in 25 offshore projects.

The Brazilian Government has been taking actions in order to improve the country´s business environment for the Oil & Gas sector. Brazil is reviewing its regulatory frameworks to attract more investments by relaxing its local content policy, reviewing and improving the natural gas regulatory framework, establishing an agenda of bidding rounds until 2021, eliminating the Petrobras’ exclusive rights to operate in the pre-salt area and renewing of special tax regime (REPETRO).

Besides that, Petrobras’ divestment programme as well as the company´s strategy to work more closely with other oil operators is expected to generate more business. Petrobras estimates that it will complete US$ 10 billion in divestitures during the first four months of 2019. The expectation is that by the end of the year, the amount raised from the sale of assets will reach up to US$ 40 billion.

This event covered:

- Subsea
- IOCs
- Drilling activity
- Decommissioning
- Bids and Contracts

Expectations

According to information circulating on the media, it is expected that then number of production platforms in operation will grow from 106 to 170 by 2030 and that the resume of operation onshore and in shallow water will bring opportunity to suppliers

Petrobras has 250 fields for potential divestment which can allow the diversification of players in the production field.

There is also speculation on whether Petrobras will or will not sell its refineries or seek strategic alliances.

On the Gas Market, a lot of discussion is going on about the opening and unbundling the operation. If this happens, it will certainly bring competition and allow new projects to happen.

The Event

Together with our strategic partners Subsea UK, EIC, SDI, the UK´s Department for International Trade (DIT) companies were invited to attend the 7th edition of the UK & Brazil Partners in Energy.

The objective of this annual conference is to showcase UK capability in the energy sector, sharing expertise and consolidating strategic partnerships between UK & Brazil in energy sector.

It facilitates the exchange of experiences between British and Brazilian companies, institutions and government agencies, as well as offer a platform for new technologies to be presented, and discussions to take place on the latest innovations and challenges of the sector.

This year, 8 simultaneous workshops took place with participation of speakers from the main British and Brazilian companies, research centres and governmental agencies of the energy sector.

The following topics will be covered:

-           [Offshore Construction and Maintenance] - tentative programme
-           [Subsea technologies] - tentative programme
-           [Maximising Oil Recovery and Decommissioning] - tentative programme
-           Gas Market
-           Offshore Wind
-           Biofuels and Biogas
-           Solar Power
-           Energy Storage/ Smart Grids

The event brings together the entire productive chain of the sector, from oil and gas operators to service companies and supply chain.