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The Rio Oil & Gas 2018 launching event, which gathered oil and gas industry executives at Firjan assembly hall in July, shows that the sector has important issues that will be discussed during the event, promoted by the Brazilian Petroleum, Gas and Biofuels Institute (IBP). One of the main topics of the event was the resumption of the oil and gas sector and how Brazilian industry is becoming more competitive.

The rising on oil prices and the positive outcome of the recent bid rounds illustrate the oil and gas productive process recovery in Brazil and confirm its protagonism. Such advances was only possible due to relevant changes in the regulatory environment in the past two years, for example.

In this positive scenario, different from recent years, the Rio Oil & Gas – the main Latin America oil & gas event – is bringing an excellent opportunity for exchange and networking between new companies and those who are already stablished in Brazil. The goal is boost trades and promote corporate competitiveness, contributing to a sustainable development for Rio de Janeiro state.

The discussions demonstrate that the main challenge of Brazil is to create an environment even more competitive for investment attraction. According to Jorge Camargo, Rio Oil & Gas 2018 Organizing Committee Chairman, the two important elements to a successful industry are natural resources – which Brazil has in abundance – and a business environment capable of attracting capital to transform in assets. “The major challenge of today´s leaders is to bring the opportunities the oil sector has to offer to Brazil. The country lives a favoring moment to this exchange between global and national investors, and the Rio Oil & Gas will be the perfect environment for this to happen”, concluded.

The new edition of the event has brought almost all oil companies presently operating in Brazil, and also a program dedicated to the most relevant issues that permeate the industry. This year, the congress will have more parallel events, with strategical issues such as technology, sustainability and HSE. Bearing this in mind, the next O&G TechWeek edition will be held alongside Rio Oil & Gas 2018, with sessions focused on the industry and also addressing the current moment the city lives. In this way, Rio Oil & Gas 2018 is an opportunity to Brazilian oil and gas sector engage with other industry sectors, such as tourism, hospitality, health industries and others.

Rio Oil & Gas 2018 will be held from September 24 to 27, in Rio de Janeiro and is sponsored by Petrobras, BP, Modec, Shell, Total, Dow, Equinor, Galp, Repsol Sinopec, Chevron, ExxonMobil, Misc, Baker Hughes, a GE company, Fluor, Ipiranga, Porto do Itaqui, QGEP, Raízen, Rosneft, S&P Global e Sulzer.