The EIC will be managing a UK Pavilion at Rio Oil & Gas 2022 to be held from 26-29 September 2022.

The upcoming edition of Rio Oil & Gas, Latin America’s leading O&G event, is particularly important as key projects by Petrobras and IOCs in the country are getting traction. The Brazilian NOC has recently awarded major contracts for the Mero 2 and Buzios 5 FPSOs to SBM Offshore and Modec, respectively, while a decision is imminent regarding the Parque das Baleias and Marlim floating production units. Major contracts are expected to be awarded in the coming months, as the Brazilian company forges ahead with its US84.1 billion investment plan for 2019-23.

Brazil’s oil and gas opportunities are no longer limited to Petrobras’ pre-salt plans. Oil majors such as Equinor, Shell and Total are actively engaged in field development projects, with contracting activity already underway. Equinor is poised to install Brazil’s largest FPSO – with a capacity of 220,000b/d – at the Carcará field, while Shell has ambitious plans for its Gato do Mato pre-salt field in the Santos basin.