The new policy, which was the subject of a presentation by Petrobras production development and technology director Roberto Moro at the recent Rio Oil & Gas conference, calls for a shift in strategy by developing future projects from back to front.

“From Petrobras’ perspective, this new contracting policy looks interesting, but engineering companies will certainly have a hard time to adjust to it, because it involves an advance in engineering work before the contract is even in place, and there could be legal barriers to do so,” says Nelson Romano, president of Doris Engineering in Brazil.

“We