UKTI Energy Showcase - Brazil
24-28 March 2014This event has concluded.
Rio de Janeiro, Brazil
UK Energy in Brazil is a unique showcase of UK capability in the energy industry, enabling companies to share expertise and consolidate strategic partnerships for the Brazil Oil and Gas sector.
This 3rd edition will bring three UK business missions to Brazil promoting specific strengths of UK Energy in the areas of:
* Construction & Maintenance of Offshore Assets
* Field Life Extension
* Subsea Integrity and Deepwater Construction
The Brazilian Market
Brazil is the 5th largest country in the world and is South America's leading economic power. As a result of the pre-salt discoveries, the debate and efforts for the development of the Oil and Gas industry have intensified. The need for technological advances and strengthening of the domestic industry with the development of the supply chains has become crucial for the country's growth.
The Brazilian Federal Government estimates that US$ 400 billion will be invested in equipment and services, expansion and maintenance of production in the next six years. According to industry experts, the contribution of the Oil and Gas industry to the Brazilian GDP is expected to be 20% in 2020. It is currently around 12%.