Rio O&G 2014 – High Tech & Business for All
The last day of the Rio O&G conference began with an early morning presentation on the possible uses of Nanotechnology for O&G exploration and advanced oil recovery. The sector, with the support of IBP (Brazilian Petroleum Institute) has been working on a Nano Agent capable of increasing the average oil recovery by 20%. According to Rustom Mody, Vice-Presidente of Technology at Baker Hughes, presently 60% of nanotechnology patents are from the U.S. and Canada and the number of patents has greatly increased in the last 10 years, with the market experiencing a major growth since 2009. The market presently involves values of over US$ 9 billion, up from the US$ 4,5 billion of 5 years ago.
O&G Mergers and Acquisitions on the rise in Brazil
According to data from KPMG consulting there were 22 merger and acquisition operations in the market during the first 6 months of 2013, 4 times higher than in the first semester of 2012. This is mostly due to the 11th round of bidding that took place in April sponsored by the ANP (National Petroleum Agency). According to a KPMG executive, since the O&G sector had not had any bidding rounds for 5 years, a score of new business opportunities arose that attracted many foreign investors. Of these 22 operations, 10 were buy-outs, where foreign companies bought Brazilian companies in order to enter the market. Another fact that relates to…