R&D at heart of thinking as Brazil looks to build success

Developing momentum: Petrobras' Cenpes R&D centre at the COPPE/UFRJ techology park, Rio de Janeiro, where BG Group and others, including FMC Technologies are planning to build research centres

CENPES

By

 30 September 2011 01:59 GMT

THE Brazilian ambassador to the UK, Roberto Jaguaribe, recently described BG Group as a “latecomer that might be the big winner” among international oil companies coming to his country.

Jaugaribe was opening a London seminar on research and development in the Brazilian oil industry. The event was heavily attended by British academics angling for Petrobras-funded research projects — the Brazilian giant already has 65 joint industry projects up and running with US and European entities — but it also served as a forum for BG Group to showcase its own plans for R&D in Brazil.



Legal obligation As Petrobras’ biggest international partner on key Santos basin pre-salt concessions, BG Group expects net reserves to surpass 6 billion barrels in…

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