Brazil Energy Sector, a igniting change is coming.

It has been almost six months from last year's edition of Brasil's OTC 2019 Conference. And yet, there are points which require us to meditate about what to expect in the near future.  

What's next?

This path of optimism, which has been so present on us for years here in Brasil, is finally showing signs of reality.

Yes. The time has come.

We all should be proud of it; after all, not many countries have a vast amount of diversity of energy resources, and, not less, the competence and experimented people lead the way.

This OTC edition was a proven ground to the country, which have established as a significant region for offshore and onshore developments.

The recent opening of the natural gas market and all expected partnerships with other companies shall provide scale gains, increased investment capacity, and risk-sharing.

One of the main aspects discussed during the OTC Conference was the recovery and leveraged investments back to Brasil.

With the local upstream market significantly changing over the last decade, it seems easy to acknowledge all the benefits from it, however its also wise to understand that we should never forget all the long way our national industry faced to reach this point of maturity.

So, What to expect?

According, José Firmo, IBP (Brazilian Petroleum Institute) President, he often quotes more or less like that:

"With the last 3 years, we have been able to accomplish (upstream Sector) more, in terms of improvement and efficiency, than what has been done along the last 15"

It's true... 

All the effort brought Brazil back to the high stage of the energy market and the potential of new and revolutionary investments.

During some of the conference sessions, reports showed that almost 70% of all available financial resources designated to the investment on exploratory blocks, all evaluated during the last three years, were direct to Brazil (~ 7 Bi USD).

That's is an incredible accomplishment!

Needless to say that the real goal is not the bonus we have achieved to produce during the field auctions throughout the year, instead the goal is to resume those initial investments into field developments. 

Thus, generating benefits for the country, infrastructure, jobs, and progress to the Brazilian people.

The challenges still there, and they are no less complex or old. Our offshore potential, for instance, is the first step for new and disruptive technologies and more efficient ways to take in advantage those natural resources and covert into efficient fields.

Apart from all optimism, we have never had a better chance to transform our country into, what I like to call, a "hub of transformation".

That's what we are, 

Everything started after we understood that as much better we take care of our non-renewable resources more changes. 

A long path is ahead of us, and I'm sure we are ready, not be because I had the chance to know everybody will, instead I know something that ignites real progress.

When we have no other choice,... we succeed. We do.

Ahead Brasil now is the time, and we are the engine.

Pablo C.

PABLO COSTA, C M, (Pablo C.) is 41 years old, married, born in Salvador-BA. Engineer with over 20 years of experience in the corporate world / Energy Sector. Lover of good reading and continuous knowledge, amateur writer here on Linkedin. Passionate about the opportunity to share experiences, learn, motivate and be motivated. Contributing to the development of new creative leadership fruit of knowledge, collective and why not passion to accomplish.