Brazil is the largest country in South America and the oil, natural gas, and electricity markets have expanded substantially in recent years. The challenging deepwater development projects have high priority in the Norwegian oil and gas industry.
According to the Intsok annual market report 2013-2016, the investments on the Norwegian continental shelf is estimated to USD 186 billion for the period, the offshore expenditure for Brazil is estimated to surpass USD 193 billion, according to the projections. The numbers definitely consolidate Brazil as the most attractive market, and the global offshore industry had its eyes on Rio de Janeiro and the Rio Oil&Gas Expo and Conference in September. Anestimated 50.000 people visited the trade exhibition, currently considered the most important oil and gas event in Latin America, attracting exhibitors from all over the world.
Strong Norwegian presence
The Norwegian pavilion at Riocentro was among the biggest international pavilions at the exhibition this year, and the deputy minister formally opened the Norwegian pavilion on September 17th. Mr. Henriksen urged the Norwegian companies present in Riocentro to “capitalize on the opportunities to present your great skills” during the trade exhibition,and the opening was followed by a crowded happy hour. In addition several events and tailor-made seminars took place during the expo.
Photo:Brazil President Lula shows a sample of the first oil lifted out of the pre-salt layer in the Baleia Franca Field on July 15, 2010.
©: Ricardo Stuckert/PR
On September 17th , Mr. Henriksen opened a seminar on opportunities and cooperation financing the oil, gas and shipping sectors. Innovation Norway’s main event took place on September 18th. One of the most common causes of inefficient cross-border project collaboration is the lack of good communication. For several years, Pellegrino Riccardi has worked within the multicultural oil and gas sector providing advice on how to avoid the most common pitfalls, and he delivered an entertaining and humorous presentation to the participants at the seminar.
Photo: The Innovation Norway front desk at Norwegian Pavilion distributed Norway Exports magazines and Nortrade handouts through out the whole expo and generated many new leads for Norwegian companies.
Opportunities for Norwegian suppliers
Intsok gave its insights on the oil & gas and offshore market in Brazil during a seminar on September 19th, , and both Carlos Camerini, superintendent at ONIP, the national organization for the Brazilian petroleum industry, and CEO of Sete Brasil, Jõao Carlos Ferraz, emphasized the plentiful opportunities for Norwegian suppliers in spite of the Brazilian local content regime. Sete Brasil, an investment company created in 2010 to manage assets portfolios, mainly of rigs, have 31 rigs contracted, and 6 of them are being built by the Norwegian companies Odfjell Drilling and Seadrill. “On the drilling packages 50-80 percent will be foreign content, and on the marine packages, 40-60 percent will be foreign. Norway will be among the main sources”, Mr. Ferraz says.
Carlos Camerini reminded that there are only 34 offshore oil fields in production or development in Brazil, and 314 more exploratory areas. “The future in this industry is big”, Mr. Camerini says.
Photo: Kathrine Friis Schjetne from Norway Exports and Nortrade is talking to a potential customer of Norwegian companies
Marketing Norway in a growing market
Nortrade and Norway Exports was present at the Expo with Director Jørgen Fodstad and Project Manager Kathrine Friis Schjetne. The time was focused on the distribution of Norway Exports magazines to decicion makers within the Brazilian oil & gas sector.
Nortrade had a stand together with Norway Exports at the Norwegian pavilion that attracted many companies interessted in working with Norway to explore opportunities in Brazil.
Here you will find the overview of Norwegian companies present at Rio Oil & Gas.
At Norway House Rio, you will also find all the seminars presentation files.