Brazil – Are you ready to Samba?

by Nor-Ocean Offshore AS

As a result of recent legislative changes in Brazil, including an opening of the offshore market to international companies and industry privatization, we will enter into a complete “new future” for both local Brazilian companies as well as international companies interested in doing business on the Brazilian Continental Shelf. However, in order to participate in this developing market, it is essential to understand and follow all the local rules and regulations. In the following article, we will provide you with a concise overview of the Brazilian offshore market and the major players involved.

Petrobras
Petrobras was founded in 1953 to develop the Brazilian continental shelf. Since then, Petrobras has become one of the major oil companies in the world, leading the sector in the implementation of the most advanced deepwater technology for oil drilling & production.

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