Brazil continues to be at the forefront of the world’s offshore production market, with activity expected to increase over the next few years. The Brazilian federal policy, enforced by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), requires operators involved in field development in Brazil to engage with Brazilian suppliers for local goods and services on every project. This requirement is referred to as “Local Content.”
Planning an effective Local Content strategy helps owners comply with contractual requirements and mitigates procurement risks. But where do you start?