Brazil’s hydrocarbons regulator ANP has began a month-long public consultation phase as part of its response to an application by a Petrobras-led consortium to obtain a waiver on the highly prescriptive local content requirements governing the pre-salt Libra development, write Gareth Chetwynd and Fabio Palmigiani.
Petrobras claims its attempts to charter a pilot floating production, storage and offloading unit for Libra have shown that local content requirements would have inflated costs by 40%.
This
