Subsea Technology Development in Brazil - The Birth of a New Local Industry
Claudio Paschoa
December 31, 2010
The massive increase of E&P in Brazil, especially when concerned with deepwater is giving rise to a new subsea equipment and technology industry in the country.Subsea technology companies have been operating in Brazil for many years. FMC Technologies for example has been in Brazil since 1956 and currently has two manufacturing facilities in Rio de Janeiro and one service base in Macaé (Northeast of the city of Rio). Construction of its new Technology Center, announced in July of 2010, is expected to be completed in the first half of 2011. The new facility will work on the development of innovative and cost effective subsea production systems to address the challenges associated with Petrobras' pre-salt oil and gas fields.