Insight
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9 Pages

Local content at the heart of upstream delays in Brazil


Local content at the heart of upstream delays in Brazil

Report summary

With the emergence of Brazil's pre-salt, the government has sought to utilise the world-class resource to stimulate the country's broader economy. This strategic goal is highlighted by the implementation of a local content policy designed to foster the growth of the domestic supply chain and service sector. In principle, developing the local industry is viewed positively by operators, but poor execution by the government is having an adverse affect on the country's oil and gas industry.

 

What's included?

This report includes 1 file(s)

  • Local content at the heart of upstream delays in Brazil PDF - 365.48 KB 9 Pages, 2 Tables, 2 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Local content obligations intensify over the next decade
    • Local content commitments at key pre-salt fields
    • Brazil production forecast based on local content commitments
  • Limited access to capital hurts local supply chain
  • Purchasing locally versus accepting a fine not a straightforward calculation
  • Solutions exist, but no sign of change yet
    • Modifying local content structure in bidding rounds will enhance success rates
    • Aligning objectives would improve Brazil's local sector
  • Appendix
    • Local content rules by round

In this report there are 4 tables or charts, including:

  • Local content obligations intensify over the next decade
    • Local content at the heart of upstream delays in Brazil: Table 1
    • Local content at the heart of upstream delays in Brazil: Image 1
  • Limited access to capital hurts local supply chain
  • Purchasing locally versus accepting a fine not a straightforward calculation
  • Solutions exist, but no sign of change yet
  • Appendix
    • Local content at the heart of upstream delays in Brazil: Table 2
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