Subsea industry body calls on UK energy industry to take part in trade mission to explore energy opportunities in Brazil.
UK subsea companies are being encouraged to join the sixth edition of the ‘UK Energy in Brazil’ trade mission which takes place in March.
The event has been organised by the Department for International Trade (DIT) in association with Subsea UK, along with the Energy Industries Council (EIC), Society of Maritime Industries, East of England Energy Group and Scottish Development International.
The objective of the mission is to showcase UK capabilities in the energy industry, enabling companies to share expertise and consolidate strategic partnerships for the Brazil energy sector.
Industry body, Subsea UK will lead the subsea section of the showcase which will connect around 12 UK subsea companies with Brazil’s most influential energy players.
As part of the programme, delegates will get the opportunity to present their capabilities during a conference showcase session on March 20 in Rio de Janeiro. In addition, the Brazilian DIT team will organise site visits to the major operators and contractors across the country.
As part of the UK Government’s strategy to help double British exports by 2020, Subsea UK is seeking to strengthen trade partnerships across the globe, exporting the country’s sought after subsea expertise to increase the sector’s international capabilities and reputation.
Neil Gordon, chief executive of Subsea UK said: “Brazil is the largest energy market in South America and has the second largest oil reserves in Latin America. Petrobras plans to invest over £50 billion over the next four years so there is clearly a major opportunity for UK companies. This mission will provide delegates with an opportunity to gauge business potential in the country, build a local network of contacts and visit the most important energy hubs in Brazil.
“At Subsea UK we work hard to support companies in fast-tracking their international growth by exploring new business prospects around the world. By continuing to work with the Department for International Trade, we can further strengthen these ties and help UK firms break into the markets which hold the most potential and who are actively seeking what we can offer.”