Brazilian expertise in oil & gas industry, its geologic potential, as well as all opportunities brought by regulatory changes in the sector, which are being discussed in National Congress, were some topics in discussion that IBP shared with over 1000 executives from British companies during the O&G Commercial Mission to UK, ended on June 25th.

Rosângela Nucara, from IBP

During a week of presentations in events, seminars and visits to companies’ head offices in UK, especially those located in Liverpool, Newcastle and London, the cities in the guide, IBP shared information about industry, its challenges and perspectives in short and long-term.

According to the IBP representative, Rosângela Nucara, Institutional Relations executive manager, the mission was an opportunity to attract new investments and partners to the oil and gas sector. “We are discussing topics that will bring important changes to the Brazilian industry such as the end of the single-operator rule and local content policy. Sharing information with an important agent in the global market as UK is required to attract new companies to our country”, said.

The mission was promoted by UK Trade Investment (UKTI) and had the participation of representatives at companies in the naval and oil and gas sector such as Gran Energia, Petro Rio, Forship and Enaval. Countries as Mexico, Azerbaijan and Kazakhstan also presented their industry’s panels.

Support to international business

One of the key-moments of Mission was the meeting between IBP and United Kingdom Export Finance Department (UKEF), the British Government’s institution created to support companies, governmental organs, among others, to finance business along the British supply chain. The volume of investments in Brazil reached US$ 600 million in the credit lines and oil & gas exploration for Petrobras. The department serves over 200 countries all around the world, having invested £ 50 billion in export credit. After the mission, IBP is organizing a presentation of British Consulate to potential clients in Brazil.