Brazil 'threatens' Asian floater sector

Brazil’s floating production sector could pose a threat to established Asian players in the coming years while the sector as a whole is poised for solid long-term growth, an offshore consultancy said in a new report.
Local content requirements in Brazil have led to a growing fabrication base for offshore drilling, production and support equipment in the country, Washington-based International Maritime Associates (IMA) said in a report on the sector.
[Read More]
Source: Upstream Online