March 4, 2011 / Law Alert

How to Become a Registered Supplier to One of the World's Largest Oil Companies

With the recent discovery of vast oil reserves off the coast of Rio de Janeiro, Brazil, the country is poised to become the world’s fourth largest oil producer by 2030. Brazilian oil & gas company, Petrobras, has a major challenge ahead: investing in infrastructure to explore and exploit this oil, which is located deep in the ocean, below a layer of salt, rock and sand. Today, even without this major new development, Petrobras is the largest company in Brazil and the 8th largest company in the world in market value. The company is present in 29 countries with more than 100 production oil platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Petrobras’ reserves are approximately 14 billion barrels of oil, a figure expected to double in the next few years with the pre-salt discovery.

Related Content