Brazil Deepwater Opportunity Hinges on Subsea Multiphase Boosting Tech, Domestic Innovation Catching Up at AMG First's Brazil Conference

Brazil subsea boosting experts and E&P companies meet for the first time after Libra's first production at AMG First's Subsea Multiphase Boosting Brazil Conference, on April 12-13, 2018 at Windsor Barra Hotel Rio de Janeiro, to face the challenge of low breakeven costs.

Brazil is back in the game, and the marching order is to face the giant challenge of low breakeven costs. Brazil’s priorities will be to start production from the existing discoveries and increase production from established wells.

With the success of Brazil's pre-salt giant Libra oil field producing first oil whilst spearheading an ambitious license round schedule comprising of up to 10 bid rounds within the next 3 years and permanent offer in a total of 846 exploration blocks in 13 different sedimentary basins, new technology is critical to maintaining growth. And the secret to Brazil’s deepwater success is subsea multiphase boosting innovation.

"According to our research, subsea processing and separation are very attractive for many folks, after all subsea systems were born in Brazil. If one looks at all the fields, all the wells will produce less, yet recovery can be increased through subsea works. The pre-salt resources in Brazil and offshore around the Golden Triangle require these services in abundance. Petrobras itself forecast $1.5 billion dollars of demand for subsea trees,” says Mr Rex Sayson, Research Director at the Center for Energy Sustainability and Economics, an energy think-tank under AMG First.

"What we hear is that recovery rates now are at about 30 per cent. Increasing this to 45-50 per cent would be a huge opportunity. Pumping and power are the key areas to make this happen. Linking subsea wells has been shown to make pressure management easier.” It is important for solution providers to differentiate their technology, because in this game, only the most innovative and relevant will survive.

The Subsea Multiphase Boosting 2018 Brazil Conference (April 12-13, 2018, Windsor Barra Hotel & Congressos, Rio de Janeiro), promoted by AMG First, is very timely to help flow assurance and production experts address this challenge, with the latest state-of-the-art technologies and lessons learned for boosting production whilst reducing intervention turnaround time and extraction cost as subsea development water depths and step-out lengths increase.

"As oil approaches $65 a barrel, the global subsea pumps and multiphase market will grow 11.3% culminating to $1.7 billion in 2020. Brazil, West Africa, and Mozambique regions will drive the momentum from increasing utilization of subsea boosting for oil production," says Mr Sayson. “There’s only room for a few players, and the most relevant and fit will dominate the Brazil deepwater market.”

"Increasing business development will drive growth across the sector. The Brazilian opportunity for everyone is very real - the resource is there, and it can be developed. But nothing is guaranteed, which is why it is important for everyone who is serious about staying in the oil and gas business to stay alert to operators’ developing needs offshore Brazil and offshore South America.”

Event Title: Subsea Multiphase Boosting 2018 Brazil Conference
Theme: New innovations for high reliability and short turnaround intervention
Date: April 12-13, 2018
Venue: Windsor Barra Hotel, Rio de Janeiro, Brazil
Website: http://www.amgfirst.com/multiphase2018
Bring 3 for the price of 2 and save USD 2100. Email info@amgfirst.com to avail of this promo and quote the promo code 'SMB18BLGPPMPR' in the subject line.

Event Description:
Petrobras pushes for 45-50% recovery rate, and subsea multiphase boosting is a critical technology to support this growth. Attend Subsea Multiphase Boosting 2018 Brazil Conference (April 12-13, 2018, Rio de Janeiro, Brazil) - the only conference for flow assurance and production professionals in Brazil, West Africa, and Mozambique regions on using subsea multiphase boosting innovations to achieve readiness in an era of lower breakeven in E&P. Get your team ready or have your company promoted by visiting the www.amgfirst.com/multiphase2018 for more info.

This conference is designed for these job titles:
•Subsea Engineering Manager
•VP Offshore Development
•Flow Assurance and EOR Engineers
•Multiphase Pumps and Metering Engineers & Petroleum Chemist
•Field Development Managers
•Project and Facilities Managers

This conference is designed for these companies:
•E&P Companies
•Subsea Boosting Companies
•Multiphase Technology Providers
•SURF Companies
•Regulators of Subsea and Deepwater Reserves
•Well Services, FPSO, Rig Leasing

To sponsor or bring groups to the conference, contact:
Frank Mercado, Head of Sponsorships
Arc Media Global LLC
Tel: 1-310-622-9159
Email: mailto:info@amgfirst.com
Web: http://www.amgfirst.com/multiphase2018

In its 11th year, AMG First has served thousands of energy and finance professionals in over 30 countries and helped their organizations achieve sustainable, predictable, profitable growth. Make better business decisions based on actionable insights and years of experience placed at your disposal at AMG First’s conferences, workshops and exhibitions.

Arc Media Global LLC
11601 Wilshire Boulevard, 5th Floor, Los Angeles, CA 90025
Tel +1 (310) 622-9159 | Email info@amgfirst.com
Frank Mercado

This release was published on openPR.