Photos from OTC Brasil 2015 can be downloaded at http://bit.ly/1LZRF8p
Rio de Janeiro, Brazil (29 October 2015) – More than 8,000 energy leaders, executives, and professionals from around the globe assembled 27-29 October in Rio de Janeiro for OTC Brasil. The 3-day conference and exhibition, organized by the Offshore Technology Conference (OTC) and the Brazilian Petroleum, Gas and Biofuels Institute (IBP), featured 220 peer-selected technical papers, 39 technical sessions, 12 panels, and four thematic luncheons.
The conference’s focus on the progress and future challenges in the offshore industry was exemplified by the theme of “The Atlantic: From East to West—An Ocean of Innovation.” It gathered 1,355 professionals from the offshore energy industry and Brazilian universities to share innovative technologies, R&D, and their forecasts on investment in the Brazilian market.
Officials from OTC and IBP were pleased with the conference’s technical content." This is a very important event for the industry, not only in Brazil, but around the world. The conference is an ideal venue to share technical expertise and best practices,” highlighted OTC Chairman, Joe Fowler.
"In a challenging year for the industry, it was a victory that we were able to bring back OTC Brasil to Rio de Janeiro, gathering E&P professionals to generate collaboration with the industry and share technological solutions that will help us to overcome this phase," added IBP president, Jorge Camargo.
For the first time, OTC Brasil presented the Distinguished Achievement and the Spotlight on New Technology Awards. The winners were Petrobras engineer Antonio Capeleiro Pinto, award for individual, Subsea 7 for Buoy Supporting Risers System, and FMC Technologies for its innovative Shape Memory Alloy Fittings in Subsea Equipment.
Additional highlights included the "University R&D Showcase," a program in which 11 Brazilian universities and research centers presented new technologies that are being developed for the industry. The event also included the Professional of the Future program with over 400 Brazilian university students.
On Thursday afternoon, Petrobras´ E&P Executive Manager for Libra PSC, Anelise Lara, presented this pre-salt mega project performance and innovations, in a panel about Libra Field and Next Generation Projects.
"Libra is a 35-year project, but with less than two years we drilled four wells and are drilling other two. We have two contracted rigs and hired a FPSO for the long-term tests. Also, we are negotiating to hire the FPSO to the production pilot project. The first oil is expected for 2017," Anelise explained.
The prospects for oil prices on the global stage were discussed in another luncheon, presented by Atul Arya, IHS Vice President. "The imbalance between demand and supply has kept oil prices low for most of 2015. I expect, Brent oil price to average around $55/bbl for 2015. There will be slow rebalancing of market over next couple of years. Prices will improve in 2016, with Brent averaging around $60/bbl and reaching around $70/bbl in 2017," he concluded.
Focused on business in Mexico, the last luncheon featured Dr. Lucias Macias Chapa, Vice President of Strategic Alliances, Pemex E&P, who addressed the opportunities in the Mexican sector after the opening in the market.
OTC Brasil 2015 also included an exhibition with more than 160 exhibitors including key service and operating companies with majority stakes in the Brazilian market. The exhibition included companies from 16 countries, presenting novel technological products and services.
OTC Brasil 2017 takes place 24–26 October 2017, Rio de Janeiro, Brazil.
For more information about OTC Brasil 2015, visit www.otcbrasil.org.
Stay in touch with the latest OTC Brasil 2015 information by following #OTCBrasil
About the Offshore Technology Conference (OTC)
Founded in 1969, OTC brings together industry leaders and professionals from more than 130 countries. Its large international participation provides excellent opportunities for global sharing of technology, expertise, products, and best practices. OTC’s flagship conference is held annually in Houston. OTC has expanded technically and globally with the Artic Technology Conference (ATC), OTC Brasil, and OTC Asia. Learn more at www.otcnet.org.
About the Brazilian Petroleum, Gas and Biofuels Institute (IBP)
Founded in 1957, IBP is a private, non-profit organization focused on promoting the development of the Brazilian oil, gas and biofuels industry in a competitive, sustainable, ethical and socially responsible environment. Today, IBP congregates more than 220 associated companies and professionals, and it is recognized as an important industry representative for its technical knowledge and fostering the debate of big industry issues. Organizer of the main oil & gas shows in Brazil, such as Rio Oil & Gas and OTC Brasil, IBP also develops technical courses and it is also responsible for standardization, certification of inspection services and technical publications. Learn more at www.ibp.org.br.
Vivian Pereira Nunes
(+55 21) 2217-6539
(+55 21) 3206-5050
Offshore Technology Conference (OTC)
Andrea Valencia, Tel: +1.972.952.1112,
Brazilian Petroleum, Gas and Biofuels Institute (IBP)
Tel: +55.21.2112.9028, email@example.com