We are happy to share with you a piece of the October edition of Subsea & Energy Magazine Brazil , featuring interviews with BNCC honorary board member Paulo Guimares from the Brazilian Embassy in Oslo and Márcio de Alencar, from Brasca , and BNCC member.
The text below is an out-take from the Subsea&Energy Magazine Brazil. Please find full article in link at the end of this section.
Brazil and Norway are long standing partners in industrial sectors that are of great economic importance. Several Norwegian companies have invested in Brazil in recent years, focusing a substantial portion of their global operations on this domestic market.
To give you an idea, Hydro owns the world’s largest aluminum refinery – Alunorte – located in Pará; Yara, in the fertilizer sector, is closely aligned with the growth of Brazil’s agribusiness exports.
In the offshore segment, one of the world’s largest operators in oil exploration – Equinor – has its largest asset outside Norway operating in the Brazilian pre-salt layer. It is also worth mentioning the presence of the leading Norwegian companies for subsea equipment and support vessels, which use a considerable quantity of local content to deliver their products and services.
А survey conducted by the Norwegian government estimates that Brazil has received nearly
USS 40 billion in investment, making the country the third largest destination for Norwegian investment, after Europe and the United States. More than 200 Norwegian companies employ around 30,000 professionals in the country. Paulo Guimarães, Minister-Counselor at the Brazilian Embassy in Oslo, explains that, “The establishment of large and medium-sized Norwegian companies is largely explained by the attraction of economic segments of the Brazilian market that coincide with those of greatest significance to Norwegian industry.
Business organizations find the conditions in Brazil appropriate for their growth and expansion of their global operations, whilst relying on their ability to adapt to the regulatory requirements for local production. ” Guimaraes, who is the author of a diplomatic thesis on Brazil-Norway relations and the book “Os Escandinavos (The Scandinavians)*, emphasizes that Brazil now has the responsibility to expand the variety of Norwegian investments and to welcome, through joint ventures with local companies, the suppliers of high-precision goods and services that can help to strengthen the country’s production chain. He adds that, “The renewable energy sector has considerable potential to receive Nordic investments, with the focus on solar energy, wind power, carbon capture and green hydrogen.
” A vocation for subsea technology “
For Norwegian companies in the subsea segment, Brazil represents both a challenge and an opportunity. Companies such as TechnipFMC, Onesubsea and NOV – which despite not being Norwegian have roots in the development of subsea technology in Norway- and the genuinely Nordic ones, such as Aker Solutions, Subsea 7 and Subsea, have been instrumental in providing advanced subsea technology for Brazil’s offshore fields.
Norwegian companies are increasingly investing in local technology partnerships.
Norwegian companies are increasingly investing in local technology partnerships and production capability in Brazil. Márcio de Alencar, Vice-President of Global Sales at Subsea and founder of BRASCA, an organization that advises Norwegian energy companies looking to establish business internationally, observes that, “From the first wet Christmas tree to the delivery of the 900th item – a fact recently announced by one of the main suppliers of Christmas trees in Brazil – as well as the strong presence of leading companies throughout the supply chain, we can perceive the strong vocation of the Brazilian industry for subsea technology
According to the executive, the outlook for Norwegian subsea companies in Brazil are promising, despite the tension regarding supply capacity that has persisted since the 2014 oil crisis and was exacerbated by the global pandemic. Alencar considers that, With Petrobras’ commitment to increase investment in its pre-salt fields and Brazil’s intention to expand its offshore production, the demand for subsea technology and services is expected to grow. Norwegian companies, with their experience in harsh offshore environments and focus on innovation, are well-placed to benefit from this growth.
The key to overcoming the current bottlenecks will be continued investment in local production, solid partnerships and the use of digital solutions to build a more resilient, sustainable and agile supply chain.
Click on the link below to read the whole article.
