04 May 2010
Brazil is already a major producer of fossil fuels, and one of the world’s leading producers of renewable and alternative energy. Recent world-class discoveries in the offshore region have triggered industry-leading spending activity in the upstream arena, and have the potential to make Brazil one of the world’s top five oil producers in the next decade. Profits from Brazil’s fast growing oil wealth will fuel a new wave of economic growth and fund the government’s commitments to ambitious spending programs on environmental issues and infrastructure development.
For RPS this presents an unrivalled set of opportunities to grow not just an energy business, but also solid activity in the environmental and P&D sectors. This growth will be achieved through a careful combination of organic development and expansion through 'bolt-on' acquisitions of key Brazilian firms.
RPS Houston President, Peter Fearn says:
"RPS Consultores do Brasil, Limitada establishes our business in Brazil in the upstream energy sector. We already have substantial trade in Brazil in this sector – organised and managed through our Houston office - and we will use this as a platform to expand the business at the local level. At the outset, our core offering will be in Operations Support and Technical Geoscience/Engineering but we will look to expand into the Renewables/Alternatives and Unconventional energy arenas as quickly as possible.
Brazil is one of the world's largest and fastest growing economies, and RPS’ presence there will help us to better exploit the many opportunities that flow from this economic growth; and will, in time, provide the platform from which we expand the Group’s business into the other countries in the Latin America region."
As a Brazilian national living in Rio de Janeiro, Luis is well-established to manage RPS’ business interests in the country, with over twelve years senior professional experience in business management in the energy sector –forging vital links and providing expert advice for business clients.
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