improving performance in the marine contracting industry
TRANSCRIPT
PowerPoint PresentationDate: 25 November 2020 starting at 1030hrs
local time Brasil
There will be opportunity for Q&A at the end of the presentations – please submit questions at any time under the Q&A section on your screen
Welcome • This is a webinar
• The sound works one way only
— from presenters to you
• Written questions are encouraged
—Q&A box is monitored
• Today’s Speakers and Members of the South America Committee will be on the line to answer questions
• We hope to resume face to face meetings when possible
• A recording of today’s webinar will be shared with you
• Competition Law 2
• Questions & Answers may be in either English or Portuguese
Upcoming webinars
Environmental Sustainability and Safety Updates Europe & Africa Committee • Vessel compliance in a post-COVID world North America Committee • American Wind Energy Association, Hughes Subsea Europe & Africa Committee • Alternative fuels for the energy transition Asia Pacific Committee • Seabed 2030, Diving DESIGN, CPD
26 November
1 December
3 December
8 December
9 December
Register imca-int.com
©IMCA 2020
John Chatten
5
José Formigli
Independent Consultant
• 15 minutes • 15 minutes
Q&A with Speakers
— 2018 Appointed Chairman 2018
Subsea 7, acting as Vessel Superintendent, Contract & Operations Manager, Macaé Base & Docking Manager
©IMCA 2020
Allen Leatt
Allen Leatt
Chief Executive, IMCA • Allen is a civil engineer by professional training. His entire career
has been in the marine construction industry with leading contractors in technical, managerial, and executive roles.
• Executive Vice President for the SURF Product Line at Technip.
• Chief Technology Officer at Acergy
• Senior Vice President Engineering & Project Management at Subsea 7
• Allen is a Fellow of the Royal Academy of Engineering, a Fellow of the Institution of Civil Engineers, a first-class engineer member of the Smeatonian Society, and a chartered engineer in the UK. He holds a Bachelor of Science degree in Civil Engineering, a Master’s in Business Administration, and a Doctorate of Science in engineering.
International Marine Contractors Association Improving performance in the marine contracting industry
South America Webinar Presenter: Allen Leatt
Date: 25 November 2020
• COVID-19 Response, information, good practices, IMO, ICS, influence and intervention.
• Regulatory Response, IP Code, Diving Code, MEPC TWP, MASS strategy with SIN Govt.
• Safety & Efficiency focus, examples:
— Diving: CPD App for Diving Supervisors, Accredited Diving System Inspector regime.
— Marine: DPO CPD, eCMID upgrade complete, W2W Operations complete, Safety Training Matrix complete, Code of Practice for Pipeline and Umbilical installation complete.
IMCA’s Mission:
IMCA’s Value proposition:
To influence our industry in technical, contractual, policy and regulatory matters in the best interests of the industry.
Global E&P CAPEX 2010-25
©IMCA 2020
Green = Shelf <125m Light Blue = Deep water 125-1500m Dark Blue = Ultra deep water 1500+ m
2023 Recovery?
Stability Bust
©IMCA 2020
Green = Shelf <125m Light Blue = Deep water 125-1500m Dark Blue = Ultra deep water 1500+ m
Inflation
©IMCA 2020
• IMCA is well advanced in our strategy on the environment agenda.
• Our Environmental Sustainability Committee was formed 4 years ago with a remit of raising awareness and promoting certain programmes to our Members.
• Examples:
— Waste and eliminating single use plastics offshore.
• Today we are developing our Member Code of Practice for Environmental Sustainability, including climate and environmental disclosures.
Energy Transition - Market
©IMCA 2020
• Offshore wind market doubled in last 3 years to $40 billion in CAPEX in 2020.
• Large marine contractors are now very evident in this space.
• Offshore construction in oil & gas and wind - similar challenges of offshore operations, DP, lifting, diving, ROV, survey, cable laying/trenching, Engineering, Project Management etc.
• Similar risks to be managed and safe processes to be followed.
• IMCA is well placed to assist in this market.
Offshore Wind CAPEX $’Million
www.imca-int.com
©IMCA 2020
José Formigli
Forsea Engenharia
José Formigli • José Formigli worked for 32 years as petroleum engineer in
Petrobras Exploration and Production, having been responsible among other tasks for the implementation of Pre-salt projects since the first discoveries
• Acting Managing Director of E&P till beginning of 2015, when retired from the company
• Since 2015 an independent consultant - Forsea Engenharia
• Member of some industry Advisory Boards
• Graduated in Civil Engineering from IME and has MBA from COPPEAD, is a member of SPE (Society of Petroleum Engineers) and SUT (Society for Underwater Technology), among others academic qualifications, besides receiving awards from SPE and presenting papers/speeches in international conferences.
IMCA South America Webinar: The future of the Brazilian Market 25/Nov/2020
Brazilian offshore arena: why a marine contractor should be here?
Topics to be addressed:
- Brazil Economy and O&G Industry - Brazilian Upstream current performance: O&G Production and Reserves - Brazilian Geological potential - Brazilian E&P Environments and Regulatory frame Evolution - Breakeven to be developed reserves competitiveness - 2017-19 blocks´ rounds success and forecasted bid rounds - Production Development projects forecast - Upstream assets’ divestment: revitalization effort - A flavor on Offshore Wind projects
José Formigli
Forsea Engenharia
~1.8 USD
Source: ANP
Brazilian Upstream is a strong Reality and resilient to Covid-19
*Petrobras operates fields that correspond to ~94% of total production Source: ANP
(Fairly stable throughout 2020)
Source: ANP
1. Deepwater and Ultra-deepwater Source: Rystad Energy/ BCG Analysis
0
10
20
30
... with > 50% of such deepwater1 discoveries in Brazil
Mexico
Guyana
Brazil
Norway
Average Oil Production Per Well
16,786bpd
Conventional Offshore
All the East Margin besides the pre-salt region and Equatorial Margin, including new frontier areas and a significant number of large mature fields.
Mature Basins and New Frontier Basins (mostly gas prone). Potential for unconventional to be unleashed.
One of the World´s hottest oil play, home to the largest offshore oil discoveries in the last decade.
574 wells
27% Production
67% Production
122 wells
Source: ANP
Post 2016 regulatory changes in context give reasons to believe that E&P perspective will keep attraction in the future
Brazilian Government
ANP
IBAMA
Petrobras
• New government elected with a strong liberal focus willing to "open" the country to investors
• Executive appointments (government and Petrobras) show a more business oriented mindset
• Anticipation of 3 year schedule of areas and blocks to be auctioned, to allow bidders to prepare • Start of a permanent offer of blocks in fields returned by previous operators, particularly Petrobras • Board of directors focused on acceleration investments and the diversification of players in Brazil
• Entity promises to push for more transparency and predictability on the licensing front…
• … which should lead to an acceleration in the environmental licensing process
• Resolution of issues, such as the privatizations of subsidiaries puts divestments back on track
• Divestment procedures approved by TCU
• Petrobras promotes a stronger push for divestments and increases number of assets to be sold
• Turnaround of the company puts it in a better financial state to make investments of its own
Legal & Regulatory
Source: BCG Analysis
Brazil's Pre-salt is well positioned vs. others provinces worldwide, but not all offshore fields have the same competitiveness
1. Includes crude oil, condensates and NGLs Note: breakeven prices are calculated considering all cash flows since approval year with a 10% discount rate, expressed in 2017 USD prices Source: Rystad Energy UCube (10 Apr 2018 release)/BCG Analysis
100
2020 forecasted production1 from new fields in Mbbld
Brent real oil price, USD/bbl (2017$)
Global production from new fields and break-even prices by types of oil and gas projects – 2020, in $/bbl
Middle East US Tight Oil
Brazil Offshore
RussiaNorth Sea
RoW Onshore
US Offshore
Nigeria DW
BE price range considering 1Q and 3Q prod. BE price range considering 10% and 90% prod.
24
Results Achieved - Bid Rounds(2017-2019) Bidding Round
Acquired Blocks
Significant Increase in Premiums
Source: ANP
Recent bidding rounds also increased presence of IOCs and brought new players to Brazil
Year Offshore Blocks - Winners Total Bonus R$Description
14th Concession
9,99 Bn
101,55 Bn
Source: Based in announced Operators´ respective Business Plans and recente published News
Upstream Divestments increased presence of IOCs in Brazil
Field Operator Partners Valor Year
Carcará1 USD 2.5 bn 2016
Lapa/ Iara2 USD 2.2 bn 2018
Enchova Pampo5 USD 0.8 bn 2019
Baúna6 USD 0.7 bn 2019
Polo Nordeste7 USD 0.4 bn 2018
Roncador3 USD 2.0 bn 2017
Riacho de Furquilha8 USD 0.4 bn 2019
9
No partners
Maromba USD 0.1bn¹ 2019
1: Refers to 70% of the field, but still negotiating to buy the remaining 30% with Chevron; 2: Refers to 50% of Petronas’ acquired rights to explore the field. Source: Press search, BCG analysis
Shallow water fields in Northeast Brazil and middle/deepwater ones in Campos Basin like North Pole, Papaterra, Albacora, Albacora Leste (100% WI) and Marlim Pole (50% WI) are also being divested, besides Wahoo/Itaipu from BP to PetroRio, as well as Manati from Enauta/PetroRio/Geopark to GasBridge, among others
Brazilian offshore wind projects
Source: FCA – “Ficha de caracterização de atividade”/ IBAMA – no FID issued yet for any Project
Projects Water depht (m)
capacity (MW)
Structure type
Asa Branca I - CEMAB I 7 a 12 2024 Asa Branca - CE Eólica Brasil Ltda Consent application submitted 400 na
Águas Claras 20 a 50 na RS Neoenergia Consent application submitted 3000 Monopile
Maravilha 20 a 50 na RJ Neoenergia Consent application submitted 3.000 Monopile
Jangada 20 a 50 na Itapipoca - CE Neoenergia Consent application submitted 3000 Monopile
Camocim 3 a 12 na Camocim - CE BI Energia Consent application submitted 1.200 na
Aracatu 15 a 35 2024 RJ/ES Equinor ASA Consent application submitted 4000 Monopile
Caucáia 10 a 23 na Caucáia - CE BI Energia PL application in Feb´19. (denied in ago´20)
598 Monopile
Parque offshore -ES na na ES Votu Winds Consent application submitted 1440 na
Planilha1
Projects
7 a 12
598
Monopile
• Country Manager, Fugro
• Rogério Carvalho is a naval engineer with a Master in subsea engineering, and an MBA in Business Administration.
• He has 20 years of experience in the oil and gas industry, starting his career at Petrobras and then moved to Halliburton where he worked for 7 years.
• In 2003, Rogério joined Fugro and has held various commercial and operations management positions since then. He has worked as managing director for the last two years, leading a team of nearly 300 Brazilian employees.
• Rogério was born in Rio de Janeiro, he is passionate about tennis and strongly support Flamengo as the best Brazilian soccer team.
Fugro Brasil IMCA South America meeting 25th Nov, 2020
Safety (Quiz) Moment
How many cats do you see ? You have 30 seconds
Safety (Quiz) Moment
Post your answer
Safety (Quiz) Moment
2
Safety (Quiz) Moment
Risk Perception Some risks are more imminent and obvious to find
Others will require a more comprehensive risk analysis and perception
Make time available with your team to brainstorm about potential hidden risks in your operations
38
Building the blocks for Fugro’s digital integrated solutions…
and plugging them all…
Fugro in Brazil
300 local employees Focus on ROV activities 7 ROV Petrobras contracts by Q1-21 Operating locally built RSV Fugro Aquarius Support for EPIC projects Local hub for other Fugro services
Opportunities and risks
Covid-19 & oil prices Petrobras dominant client Increased opportunities in ROVs, construction and decommissioning Offshore Wind Farms not priority Secure skilled resources
IMCA role
Embrace the non-oil and gas “world” Connect players into innovation and digitalization Procedures and guidelines Training and competencies
Thank you + 55 21 3321 7730
[email protected]
www.fugro.com
©IMCA 2020
• Thank you to today’s speakers, panellists and Committee
• Thank you for your attention
• A recording will be available shortly
• Please complete our short feedback survey
Thank You
©IMCA 2020
Welcome
Guest speakers
Energy Transition - Environment
Energy Transition - Market
Slide Number 14
Slide Number 15
Slide Number 16
Brazilian Upstream is a strong Reality and resilient to Covid-19
Brazil has potential to keep the pace in Upstream
Brazil with differentiated positioning in the deepwater scenario
Slide Number 21
Post 2016 regulatory changes in context give reasons to believe that E&P perspective will keep attraction in the future
Brazil's Pre-salt is well positioned vs. others provinces worldwide, but not all offshore fields have the same competitiveness
Outstanding attraction on Exploration phase
Recent bidding rounds also increased presence of IOCs and brought new players to Brazil
Slide Number 26
Slide Number 27
Slide Number 29
Slide Number 30
Slide Number 31
Slide Number 32
Safety (Quiz) Moment
Safety (Quiz) Moment
Safety (Quiz) Moment
Safety (Quiz) Moment
Building the blocks for Fugro’s digital integrated solutions…
and plugging them all…
Thank You
There will be opportunity for Q&A at the end of the presentations – please submit questions at any time under the Q&A section on your screen
Welcome • This is a webinar
• The sound works one way only
— from presenters to you
• Written questions are encouraged
—Q&A box is monitored
• Today’s Speakers and Members of the South America Committee will be on the line to answer questions
• We hope to resume face to face meetings when possible
• A recording of today’s webinar will be shared with you
• Competition Law 2
• Questions & Answers may be in either English or Portuguese
Upcoming webinars
Environmental Sustainability and Safety Updates Europe & Africa Committee • Vessel compliance in a post-COVID world North America Committee • American Wind Energy Association, Hughes Subsea Europe & Africa Committee • Alternative fuels for the energy transition Asia Pacific Committee • Seabed 2030, Diving DESIGN, CPD
26 November
1 December
3 December
8 December
9 December
Register imca-int.com
©IMCA 2020
John Chatten
5
José Formigli
Independent Consultant
• 15 minutes • 15 minutes
Q&A with Speakers
— 2018 Appointed Chairman 2018
Subsea 7, acting as Vessel Superintendent, Contract & Operations Manager, Macaé Base & Docking Manager
©IMCA 2020
Allen Leatt
Allen Leatt
Chief Executive, IMCA • Allen is a civil engineer by professional training. His entire career
has been in the marine construction industry with leading contractors in technical, managerial, and executive roles.
• Executive Vice President for the SURF Product Line at Technip.
• Chief Technology Officer at Acergy
• Senior Vice President Engineering & Project Management at Subsea 7
• Allen is a Fellow of the Royal Academy of Engineering, a Fellow of the Institution of Civil Engineers, a first-class engineer member of the Smeatonian Society, and a chartered engineer in the UK. He holds a Bachelor of Science degree in Civil Engineering, a Master’s in Business Administration, and a Doctorate of Science in engineering.
International Marine Contractors Association Improving performance in the marine contracting industry
South America Webinar Presenter: Allen Leatt
Date: 25 November 2020
• COVID-19 Response, information, good practices, IMO, ICS, influence and intervention.
• Regulatory Response, IP Code, Diving Code, MEPC TWP, MASS strategy with SIN Govt.
• Safety & Efficiency focus, examples:
— Diving: CPD App for Diving Supervisors, Accredited Diving System Inspector regime.
— Marine: DPO CPD, eCMID upgrade complete, W2W Operations complete, Safety Training Matrix complete, Code of Practice for Pipeline and Umbilical installation complete.
IMCA’s Mission:
IMCA’s Value proposition:
To influence our industry in technical, contractual, policy and regulatory matters in the best interests of the industry.
Global E&P CAPEX 2010-25
©IMCA 2020
Green = Shelf <125m Light Blue = Deep water 125-1500m Dark Blue = Ultra deep water 1500+ m
2023 Recovery?
Stability Bust
©IMCA 2020
Green = Shelf <125m Light Blue = Deep water 125-1500m Dark Blue = Ultra deep water 1500+ m
Inflation
©IMCA 2020
• IMCA is well advanced in our strategy on the environment agenda.
• Our Environmental Sustainability Committee was formed 4 years ago with a remit of raising awareness and promoting certain programmes to our Members.
• Examples:
— Waste and eliminating single use plastics offshore.
• Today we are developing our Member Code of Practice for Environmental Sustainability, including climate and environmental disclosures.
Energy Transition - Market
©IMCA 2020
• Offshore wind market doubled in last 3 years to $40 billion in CAPEX in 2020.
• Large marine contractors are now very evident in this space.
• Offshore construction in oil & gas and wind - similar challenges of offshore operations, DP, lifting, diving, ROV, survey, cable laying/trenching, Engineering, Project Management etc.
• Similar risks to be managed and safe processes to be followed.
• IMCA is well placed to assist in this market.
Offshore Wind CAPEX $’Million
www.imca-int.com
©IMCA 2020
José Formigli
Forsea Engenharia
José Formigli • José Formigli worked for 32 years as petroleum engineer in
Petrobras Exploration and Production, having been responsible among other tasks for the implementation of Pre-salt projects since the first discoveries
• Acting Managing Director of E&P till beginning of 2015, when retired from the company
• Since 2015 an independent consultant - Forsea Engenharia
• Member of some industry Advisory Boards
• Graduated in Civil Engineering from IME and has MBA from COPPEAD, is a member of SPE (Society of Petroleum Engineers) and SUT (Society for Underwater Technology), among others academic qualifications, besides receiving awards from SPE and presenting papers/speeches in international conferences.
IMCA South America Webinar: The future of the Brazilian Market 25/Nov/2020
Brazilian offshore arena: why a marine contractor should be here?
Topics to be addressed:
- Brazil Economy and O&G Industry - Brazilian Upstream current performance: O&G Production and Reserves - Brazilian Geological potential - Brazilian E&P Environments and Regulatory frame Evolution - Breakeven to be developed reserves competitiveness - 2017-19 blocks´ rounds success and forecasted bid rounds - Production Development projects forecast - Upstream assets’ divestment: revitalization effort - A flavor on Offshore Wind projects
José Formigli
Forsea Engenharia
~1.8 USD
Source: ANP
Brazilian Upstream is a strong Reality and resilient to Covid-19
*Petrobras operates fields that correspond to ~94% of total production Source: ANP
(Fairly stable throughout 2020)
Source: ANP
1. Deepwater and Ultra-deepwater Source: Rystad Energy/ BCG Analysis
0
10
20
30
... with > 50% of such deepwater1 discoveries in Brazil
Mexico
Guyana
Brazil
Norway
Average Oil Production Per Well
16,786bpd
Conventional Offshore
All the East Margin besides the pre-salt region and Equatorial Margin, including new frontier areas and a significant number of large mature fields.
Mature Basins and New Frontier Basins (mostly gas prone). Potential for unconventional to be unleashed.
One of the World´s hottest oil play, home to the largest offshore oil discoveries in the last decade.
574 wells
27% Production
67% Production
122 wells
Source: ANP
Post 2016 regulatory changes in context give reasons to believe that E&P perspective will keep attraction in the future
Brazilian Government
ANP
IBAMA
Petrobras
• New government elected with a strong liberal focus willing to "open" the country to investors
• Executive appointments (government and Petrobras) show a more business oriented mindset
• Anticipation of 3 year schedule of areas and blocks to be auctioned, to allow bidders to prepare • Start of a permanent offer of blocks in fields returned by previous operators, particularly Petrobras • Board of directors focused on acceleration investments and the diversification of players in Brazil
• Entity promises to push for more transparency and predictability on the licensing front…
• … which should lead to an acceleration in the environmental licensing process
• Resolution of issues, such as the privatizations of subsidiaries puts divestments back on track
• Divestment procedures approved by TCU
• Petrobras promotes a stronger push for divestments and increases number of assets to be sold
• Turnaround of the company puts it in a better financial state to make investments of its own
Legal & Regulatory
Source: BCG Analysis
Brazil's Pre-salt is well positioned vs. others provinces worldwide, but not all offshore fields have the same competitiveness
1. Includes crude oil, condensates and NGLs Note: breakeven prices are calculated considering all cash flows since approval year with a 10% discount rate, expressed in 2017 USD prices Source: Rystad Energy UCube (10 Apr 2018 release)/BCG Analysis
100
2020 forecasted production1 from new fields in Mbbld
Brent real oil price, USD/bbl (2017$)
Global production from new fields and break-even prices by types of oil and gas projects – 2020, in $/bbl
Middle East US Tight Oil
Brazil Offshore
RussiaNorth Sea
RoW Onshore
US Offshore
Nigeria DW
BE price range considering 1Q and 3Q prod. BE price range considering 10% and 90% prod.
24
Results Achieved - Bid Rounds(2017-2019) Bidding Round
Acquired Blocks
Significant Increase in Premiums
Source: ANP
Recent bidding rounds also increased presence of IOCs and brought new players to Brazil
Year Offshore Blocks - Winners Total Bonus R$Description
14th Concession
9,99 Bn
101,55 Bn
Source: Based in announced Operators´ respective Business Plans and recente published News
Upstream Divestments increased presence of IOCs in Brazil
Field Operator Partners Valor Year
Carcará1 USD 2.5 bn 2016
Lapa/ Iara2 USD 2.2 bn 2018
Enchova Pampo5 USD 0.8 bn 2019
Baúna6 USD 0.7 bn 2019
Polo Nordeste7 USD 0.4 bn 2018
Roncador3 USD 2.0 bn 2017
Riacho de Furquilha8 USD 0.4 bn 2019
9
No partners
Maromba USD 0.1bn¹ 2019
1: Refers to 70% of the field, but still negotiating to buy the remaining 30% with Chevron; 2: Refers to 50% of Petronas’ acquired rights to explore the field. Source: Press search, BCG analysis
Shallow water fields in Northeast Brazil and middle/deepwater ones in Campos Basin like North Pole, Papaterra, Albacora, Albacora Leste (100% WI) and Marlim Pole (50% WI) are also being divested, besides Wahoo/Itaipu from BP to PetroRio, as well as Manati from Enauta/PetroRio/Geopark to GasBridge, among others
Brazilian offshore wind projects
Source: FCA – “Ficha de caracterização de atividade”/ IBAMA – no FID issued yet for any Project
Projects Water depht (m)
capacity (MW)
Structure type
Asa Branca I - CEMAB I 7 a 12 2024 Asa Branca - CE Eólica Brasil Ltda Consent application submitted 400 na
Águas Claras 20 a 50 na RS Neoenergia Consent application submitted 3000 Monopile
Maravilha 20 a 50 na RJ Neoenergia Consent application submitted 3.000 Monopile
Jangada 20 a 50 na Itapipoca - CE Neoenergia Consent application submitted 3000 Monopile
Camocim 3 a 12 na Camocim - CE BI Energia Consent application submitted 1.200 na
Aracatu 15 a 35 2024 RJ/ES Equinor ASA Consent application submitted 4000 Monopile
Caucáia 10 a 23 na Caucáia - CE BI Energia PL application in Feb´19. (denied in ago´20)
598 Monopile
Parque offshore -ES na na ES Votu Winds Consent application submitted 1440 na
Planilha1
Projects
7 a 12
598
Monopile
• Country Manager, Fugro
• Rogério Carvalho is a naval engineer with a Master in subsea engineering, and an MBA in Business Administration.
• He has 20 years of experience in the oil and gas industry, starting his career at Petrobras and then moved to Halliburton where he worked for 7 years.
• In 2003, Rogério joined Fugro and has held various commercial and operations management positions since then. He has worked as managing director for the last two years, leading a team of nearly 300 Brazilian employees.
• Rogério was born in Rio de Janeiro, he is passionate about tennis and strongly support Flamengo as the best Brazilian soccer team.
Fugro Brasil IMCA South America meeting 25th Nov, 2020
Safety (Quiz) Moment
How many cats do you see ? You have 30 seconds
Safety (Quiz) Moment
Post your answer
Safety (Quiz) Moment
2
Safety (Quiz) Moment
Risk Perception Some risks are more imminent and obvious to find
Others will require a more comprehensive risk analysis and perception
Make time available with your team to brainstorm about potential hidden risks in your operations
38
Building the blocks for Fugro’s digital integrated solutions…
and plugging them all…
Fugro in Brazil
300 local employees Focus on ROV activities 7 ROV Petrobras contracts by Q1-21 Operating locally built RSV Fugro Aquarius Support for EPIC projects Local hub for other Fugro services
Opportunities and risks
Covid-19 & oil prices Petrobras dominant client Increased opportunities in ROVs, construction and decommissioning Offshore Wind Farms not priority Secure skilled resources
IMCA role
Embrace the non-oil and gas “world” Connect players into innovation and digitalization Procedures and guidelines Training and competencies
Thank you + 55 21 3321 7730
[email protected]
www.fugro.com
©IMCA 2020
• Thank you to today’s speakers, panellists and Committee
• Thank you for your attention
• A recording will be available shortly
• Please complete our short feedback survey
Thank You
©IMCA 2020
Welcome
Guest speakers
Energy Transition - Environment
Energy Transition - Market
Slide Number 14
Slide Number 15
Slide Number 16
Brazilian Upstream is a strong Reality and resilient to Covid-19
Brazil has potential to keep the pace in Upstream
Brazil with differentiated positioning in the deepwater scenario
Slide Number 21
Post 2016 regulatory changes in context give reasons to believe that E&P perspective will keep attraction in the future
Brazil's Pre-salt is well positioned vs. others provinces worldwide, but not all offshore fields have the same competitiveness
Outstanding attraction on Exploration phase
Recent bidding rounds also increased presence of IOCs and brought new players to Brazil
Slide Number 26
Slide Number 27
Slide Number 29
Slide Number 30
Slide Number 31
Slide Number 32
Safety (Quiz) Moment
Safety (Quiz) Moment
Safety (Quiz) Moment
Safety (Quiz) Moment
Building the blocks for Fugro’s digital integrated solutions…
and plugging them all…
Thank You