Event Details
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The event is your chance to hear first-hand information about the market and hold a one-to-one meeting to gain a greater understanding for your specific business.
Location :North East Theme :Energy General Start Date :24/05/10 Time : From 10:30 : To 14:00 Organiser : NOF Energy Venue : NOF Energy Office, Durham DH1 1TH, North East England Cost : £40 + vat member, £75 + vat non member
Brazil is the UK’s most important trading partner in Latin America with UK exports of goods valued at £523 million in 2008, an increase of 50 percent on the previous year. Bilateral trade between Brazil and the UK increased 38 percent to over £4 billion in 2009. The country will be investing almost $200 billion in the coming years to develop oil & gas reserves, many of which are in deep water in excess of 2,000 metres.
The oil market is dominated by state-controlled operator, Petrobras, which holds a 90 percent stake of the Brazilian market. The company denominates in natural gas production also holding a similar percentage of that market.
The largest oil discoveries in recent years have come from Brazil’s offshore. Presalt basins and Petrobras is planning to begin extraction in the near future. In fact, $174 billion Petrobras investment in the sector between 2009 and 2013 is one of the largest corporate investment plans tin the world at present. The programme includes development on a vast scale including ten floating production storage and offloading vessels (FPSOs), 26 platforms, 68 ships, four gas treatment plants and new and upgraded refineries.
The Suape complex is currently being developed, with plans for a new refinery, new petrochemical plant, offshore and naval shipyards and the Suape global supply hub which is designated as a offshore supply base for international companies. It has the potential to become a world class port and freight hub.
Chris Cobb, Regional Trade & Investment Manager, British Consulate Recife, Brazil
will present you with information including:
• A broad overview of the oil & gas markets in Brazil with specific emphasis on Pernambuco region
• Focus on Brazil as an export market
• Opportunities and challenges, what has and hasn’t been affected by the global financial crisis
• Market entry steps, do’s and don’ts
• How UK Trade & Investment can help
For further information contact Jenna Gray: Email
jgray@nofenergy.co.uk or telephone +44 (0) 191 384 6464.
