OTC Brasil 2015: Industry Challenges and Employment Generation Debates in the First Day

Considered one of the main events in the global offshore oil and gas industry, the third edition of OTC Brasil is happening until Thursday in Rio de Janeiro

Rio de Janeiro, Brazil (27 October 2015)– OTC Brasil 2015, one of the most prominent offshore oil and gas industry events in the world, began this Tuesday with an excellent technical program. Around  midday, ANP General Director, Magda Chambriard, opened the conference, with OTC chairmen, Joe Fowler, and João Carlos de Luca, and IBP president, Jorge Camargo.

With the theme “The Atlantic: from East to West – An Ocean of Innovation,” this year’s event will encompass offshore oil and gas exploration and development topics related to geology and subsurface technologies, offshore drilling and wells system, floating structures, and advanced subsea production to keep offshore facilities operating safely and efficiently.

The morning highlights included the panel session on New Oil in Old Offshore Fields, with Paulo Johann, Petrobras Geophisic Manager, who discussed seismic contributions to improve oil recovering. “4D Seismic is crucial to improve oil recovery and reduce operation costs,” Johann said.

In very dynamic panel on Pre-Salt Developments, the audience was eager to learn about the advances in this important area in Brazil. UFRJ University presented an economic study, projecting pre-salt projects performance in the new royalties sharing model.

Another highlight of the day was the topical luncheon “Megaprojects in the oil and gas industry.” The founder and president of Independent Project Analysis (IPA), Edward Merrow, addressed financial aspects in highly complex projects. According to him, one of the biggest challenges is that EPC and supply chain are coping with a demographic crisis

IBP Secretary General, Milton Costa Filho, also talked about human resources challenges. “When the barrel was around U$100, companies were hiring a lot of professionals and planning new projects. Today, we are hiring the young generation, hence we need to learn how to deal with them, with the millennials.”

Among the innovations this year  are the “Distinguished Achievement Award” and the “Spotlight on New TechnologiesSM Award,” traditional OTC awards in the US that will be held at OTC Brasil to recognize professionals and outstanding companies in the offshore E&P sector.

Also for the first time at OTC Brasil the “University R&D Showcase” a program in which 11 Brazilian universities and research centers will present new technologies that are being developed for the industry.

Tomorrow, IBP president, Jorge Camargo, and E&P Executive Manager for Libra PSC, Anelise Lara, Petrobras, will participate in the panel “Professional Societies Leadership Summit,” an opportunity for leaders to meet informally and participate in an interactive panel session themed “The Role of Professional Societies in Integrating Multidisciplinary Technologies.”

The “Professional of the Future” program, dedicated to university students is also featured in tomorrow’s agenda. In addition, the topical luncheon will have a presentation of Petrobras E&P Director, Solange da Silva Guedes, on the development of the Brazilian pre-salt and technological innovation projects in ultra-deep waters.

On Thursday 29 October, E&P Executive Manager for Libra PSC, Petrobras, Anelise Lara will discuss pre-salt performance and innovations, in a panel about Libra Field and Next Generation Projects in this new frontier of Brazilian exploration.

Focused on business in Mexico, the last luncheon will bring Dr. Lucias Macias Chapa, Vice President of Strategic Alliances, PEMEX E&P, who will address the opportunities in the Mexican sector after the opening in the market. The prospects for oil prices on the global stage will also be discussed in another luncheon, presented by Atul Arya, his Vice President.

Attendees are encouraged to visit the exhibition featuring 160 companies and organizations, from 16 countries.

For more information about OTC Brasil 2015, visit www.otcbrasil.org.

Stay in touch with the latest OTC Brasil 2015 information by following @OTCBrasil on Twitter.

Portuguese translation and conference logos available upon request.

Follow the DropBox link access to OTC Brasil live images  http://bit.ly/1LZRF8p

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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.

Media Contacts

 Vivian Pereira Nunes
(+55 21) 2212-1967
vivian.nunes@fsb.com.br

 Bruna Carvalho
(+55 21) 3206-5050
bruna.carvalho@fsb.com.br

Offshore Technology Conference (OTC)
Andrea Valencia, Tel: +1.972.952.1112, media@otcnet.org

 Brazilian Petroleum, Gas and Biofuels Institute (IBP)
Tatiana Campos, Tel: +55.21.2112.9028, tcampos@ibp.org.br