Brazilian local content under review



Download Your Copy

We respect your privacy, by submitting this form you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest. For further information on how we process and monitor your personal data click here.

The year of 2017 was decisive for Brazil regulatory changes, especially regarding the local content. The government halved the local content requirements for last year's bid rounds (14th and 2nd and 3rd presalt bid round) in order to attract more investments to the country. The move paid off, and the attractiveness of the offshore blocks was outstanding. However, a solution for the local content (LC) was still missing in the pre-existing contracts to guarantee the sustainability of the industry until the results of the bid rounds arise, after 2025.

Read on to find out more.

TO READ THE FULL STORY