15+15

Decommissioning in Brazil: what is on the horizon?

47 views
2023-10-20 15+15
The Brazilian Oil and Gas Agency says that there are currently 54 platforms that are over 25 years old, and anticipates that between now and 2025, offshore decommissioning will require investment of around USD 5 billion.

This could potentially provide fresh business opportunities for foreign investors, as well as the struggling Brazilian shipbuilding industry which has been in decline since 2014.

In this upcoming webinar, Carolina França, Associate/Barrister‑at‑Law from CAR (Costa, Albino & Rocha Sociedade de Advogados), will delve into Brazil’s intentions about decommissioning, ship recycling, and look at the inherent challenges posed by an intricate legal framework devoid of coordinated regulations.

  • ‌There is a substantial supply of vessels ready for recycling and wells for decommissioning.
  • The legal framework is multi-layered and complex.
  • The Hong Kong Convention will come into effect in 2025.

See all

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