Market Visit Opportunity Decommissioning Trade Mission to Brazil
Posted on 23 October 2024
2-5 December 2024
Rio de Janeiro, Brazil
UK companies are invited to join the Oil & Gas Decommissioning Trade Mission to Brazil with the UK Government´s Department for Business and Trade - DBT, in collaboration with Santander UK.
Explore the potential for opportunities through this learning and business development journey.
Delegates will have the opportunity gain visibility in the market, attend organised group meetings with key local players such as oil & gas operators with decommissioning projects, EPRD contractors and vessel operators, attend a briefing session on Doing Business in Brazil with selected in-market industry experts, and meet other local contacts in a networking reception.
Some key factors:
- Brazil is the 3rd largest market with potential of business in decommissioning;
- US$16 bn expected level of investment in decommissioning until 2029, over 90% offshore;
- 4,000 wells / 700 offshore
- Petrobras’ current portfolio includes:
- US$11 bn capex – 2024-2028.
- 14 floating platforms, 9 fixed – 2024-2028.
- 5 floating units, 35 fixed – 2028+.
- 1,900 km flexibles (on seabed, and in water).
- 550 wells to be abandoned.
- 170 wellhead removals from subsea wells in shallow water.
Who should join?
UK suppliers of goods and services with application in decommissioning projects – onshore, offshore, subsea and wells, technology companies, R&D Centres, metal recycling and ship dismantling yards; UK companies interested in setting up in Brazil or in expanding activities in Brazil in this area.
Register your interest: https://go.pardot.santander.co.uk/DecommissioningMissionTakingYourBusinessToBrazil
