The long-standing trading partner, Norway is currently the eighth largest investor in Brazil, contributing significantly to economic development and the creation of more than half a million direct, indirect and induced jobs in the country. By 2016, Norwegian Companies invested in Brazil total US $ 21.3 billion – an increase of 27.6% between 2013 and 2016. Norway’s participation in the total foreign direct investment index in Brazil increased by 3.76% between 2011 and 2016.
More than a hundred Norwegian companies operate in Brazil. The oil and gas and maritime sectors are the main routes for investments – accounting for 53% of this market share – and in 2016 led to investments of US $ 1.85 billion in the country.
Innovation is the only way to re-think, to work with more efficiency, better performance and to prove the ability to delivery knowledge and competence.
Brazil have been showing the signs of crises recovery and norwegian companies shall strength their business in the O&G market in Brazil.
Brazilian companies have the know how in technological knowledge and competence to support the upcoming challenges in the E&P sector.
Challenges become opportunity!
The revolution in regulations and the new deep-water fields has brought the new opportunities for the norwegian and brazilian collaboration to increase and to improve the blue economy.
Read the full report here: BRAZILSESSION_ONS2018_REPORT