Wednesday 22 February 2017

With an average production of 2.47 million boed, Brazil has so far explored only 6% of its sedimentary basins. It is estimated that the pre-salt offshore area contains 56 billion barrels of oil. Also, discoveries in shallow waters are estimated to hold 3 billion barrels in a single well.

The Brazilian major oil & gas company has plans to invest US$ 98.4 bn until 2019, generating opportunities for British specialist suppliers. Other major IOCs are indicating that Brazil remains high on their portfolio.

Ageing assets are also generating opportunity in decommissioning and refitting. Productivity in the more mature fields is declining as remaining reserves prove increasingly challenging to recover.

Well positioned in the market, UK companies have the experience, expertise and technology to contribute to the development of the industry in Brazil.

Our team can assist your company to identify how much of your product Brazil has been importing, the market share of the UK, and how to access the available opportunities.

Please register your interest and our team in Brazil will contact you with more information.

More - https://www.exportingisgreat.gov.uk/opportunities/...