IADC, Brazil’s IBP sign MOU for collaboration

IADC and the Brazil Institute of Petroleum, Gas and Biofuels (IBP) signed a memorandum of understanding (MOU) on 4 May in Houston. The MOU establishes a framework through which the organizations will cooperate and collaborate to continually foster education and communication within the upstream oil and gas industry in Brazil. Jason McFarland, IADC President, and Milton Costa Filho, IBP Secretary-General, signed the MOU on the show floor of the 2017 Offshore Technology Conference.

“This MOU is an expression of our organizations’ intention to work together in the true spirit of partnership to promote and foster opportunities for upstream oil and gas companies in Brazil,” Mr McFarland said. “Through our engagement with IBP, IADC will continue to focus on advocating for sensible regulations, giving voice to our industry and improving safety and environmental protection.”

Mr Costa stated: “What we hope to achieve with the MOU is to increase the knowledge and the drilling technical capability in Brazil. Brazil has huge reserves and huge potential. We need to match the interest of investors with the interest of the country in developing the reserves, and the logical next steps will be development activities, including drilling. Another important point that we want to achieve is to increase the safety of our operations. The more we develop programs together with IADC, we can improve the safe operations of this industry.”