Brazil 2014 Strategic Roundtable

April 9, 2014

The Oil & Gas Year, in partnership with EY, conducted its first strategic roundtable for Brazil, in Rio de Janeiro. The event was held during the Brazil Oil & Gas Summit, organized by EY.

Discussion centred on the first pre-salt bid round that saw the auction of the Libra field. The event brought together Oswaldo Pedrosa president of Pré-Sal Petróleo, Shell Brazil chairman André Araújo, Schlumberger Brazil country manager José Firmino, Aker Solutions Brazil president and executive vice-president Luís Araújo and Total Brazil geoscience director Gerard Pelé.

The Oil & Gas Year Brazil 2014 country director João Marques and EY Brazil energy leader Carlos Alberto Assis moderated the roundtable.

The discussion, entitled “Brazil: The first pre-salt round – Technology, Local Content, Sustainability and Competition: The Future of Brazil’s Hydrocarbons Industry”, covered several subjects, including the short- and medium-term challenges to respond to the sector’s local content demands, the responsibility of the recently created Pré-Sal Petróleo within the Libra consortium and in future unitizations of pre-salt fields within the new PSC model, the particular technical difficulties and technological demands of the Libra field and the pre-salt opportunities at large, or even, the applicability of the new legal framework to future pre-salt auctions.