Page 64: of Offshore Engineer Magazine (Apr/May 2015)

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Big spending

Latin America needs investment

Brazil has big plans as it sets its sight on increasing razil’s offshore sector, in plain oil exports – but it will need investment in technology numbers, is eye-watering. In

B 2012, the country already has as it moves into ever deeper waters. Elaine Maslin some 37% of the world installed Xmas reports from Subsea Expo. trees, a ? gure expected to rise to 44% by 2020.

In 2012, the country had 21% of the global FPSO ? eet, a number also on the rise and expected to hit 26% by 2020.

The ? gures were outlined by

Marcelo Vertis, undersecretary,

Secretariat of Economic Development and Energy, Governo Do Rio de

Janeiro, at Subsea Expo in Aberdeen, in February.

He cited International Energy Agency

World Energy Outlook 2013 ? gures which say up to 2030 US$90 billion will be spent on the energy sector in

Brazil, with 71% of that total, or $51 billion, being spent in the oil and gas sector (the majority, or 64% of that being on gas). “This is an incredible amount of investment and for a long time,” Vertis says. If the investment happens, Brazil should be exporting some 3 MMb/d by 2015, with the same amount being used for domestic consumption.

Chris Wall, an expert in international trade, who led the UK Trade and

Investment session during Subsea Expo, said: “It is Brazil’s intention over the next few years to become a net exporter of oil.” But, to meet their goals they need co-collaboration with international companies. In Rio State, a subsea cluster has been developed, just for this purpose.

Rio Negocios, an inward investment agency, has been developing relationships with their counter parts in other countries, such as Subsea

UK, which runs Subsea Expo, NCE

Subsea, in Norway, and others, to attract international companies to Brazil. But, it’s not necessarily smooth running, even without local content rules.

Businesses need to be competitive and help the local supply chain become

Various vessels await deployment in Guanabara Bay near Niterói. competitive.

Photos by Audrey Leon/OE.

April 2015 | OE April 2015 | OE oedigital.comoedigital.com 6666 066_OE0415_Geofocus2_Brazil.indd 66 3/23/15 2:51 PM