Marine Technology Reporter Blogs - petroleum

ANP Brazil’s National Petroleum Agency is looking at doubling the country’s O&G production and also its proven reserves in the next 10 years. According to Magda Chambriard, ANP’s Director, that is the challenge faced by the local O&G industry. According to Magda, the O&G industry is already receiving 63% of the country’s investments, and Brazil will still need to invest US$400 billion in the next decade in the services area in order to meet the industry’s demands, while sticking to the local content regulations. Brazil has proven reserves to the tune of 15 billion barrels boe. “The demand on a minimum local content figure on projects in the service area for the O&G industry has created a niche of opportunities for Brazilian and foreign companies present in Brazil, that cannot be ignored.

[No text]Even with the continued increase foreign O&G service companies opening shop in Brazil, local companies also begin to offer more specialized services that once had to be imported. In some instances, even competing very favorably with international companies, well established in the industry. OilFinder is one of these local companies and it offers services such as remote sensing and computational modeling solutions for Exploration and Production of O&G and also solutions for emergency situations in case of oil spills. OilFinder has already made an impact with its Inverse Modeling services, reportedly an exclusive and innovative technology that estimates the origin of oil seeps on the seafloor.