Brazil - 02

Brazil: Petrobras’ Local Content Waiver Request

On 20 September Petrobras filed a request with the ANP asking for a waiver from local content obligations so it can hire a foreign platform provider for its pre-salt Libra field pilot project. The ANP, the main regulatory agency in the oil sector, will now deliberate on the request. Petrobras had previously sought to open a bidding round for local providers, but after successive postponements it will now openly seek a foreign company, alleging that there are no sufficiently capable local providers.

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