Insight
Local content at the heart of upstream delays in Brazil
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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.
Table of contents
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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
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- Local content penalties collected to date
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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
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Appendix
- Local content rules by round
Tables and charts
This report includes 4 images and tables including:
- Local content at the heart of upstream delays in Brazil: Table 1
- Local content at the heart of upstream delays in Brazil: Image 1
- Local content at the heart of upstream delays in Brazil: Image 2
- Local content at the heart of upstream delays in Brazil: Table 2
What's included
This report contains:
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