Power - Gen Brazil 2014 Detailed Event Information For Power - Gen Brazil 2014
Power - Gen Brazil 2014 -- Chemical Production Machinery, Electrical Power Systems, Environmental Technologies, Oil/Gas Field Machinery, Oil/Gas/Mineral Prod/Explor Serv., Process Controls - Industrial, Pollution Control Eq., Pumps/Valves/Compressors, Renewable Energy Eq., Water Resources Eq./Services
Location/Date: Sao Paulo, Brazil 10/21/2014 - 10/23/2014
Event Summary:
The U.S. Department of Commerce's U.S. Commercial Service is pleased to announce that it has granted Trade Fair Certification status to PennWell Corporation to organize the official United States Exhibitor Pavilion at Power Gen Brasil, 2014, October 21-23, 2014, held at the Transamerica Expo Center, São Paulo, Brasil. Detailed information can be found at: http://www.powergenbrasil.com/en/index.html

Power-Gen Brasil, HydroVision Brasil and DistribuTECH Brasil are the premier trade events in Brazil in the power generation, hydroelectric power and power distribution sectors in Brazil.

Sales Potential - According to the U.S. Commercial Service in Brazil, Petrobras' project portfolio includes 980 projects that will require investments of US$236.5 billion between 2012 to 2016. Of these projects, approximately 833 projects valued at US$208.7 billion have already been approved and are being implemented. The remaining 147 projects, valued at US$28 billion are still being reviewed by Petrobras to confirm their viability.

Brasil Energia magazine, http://www.energiahoje.com/assine, recently published its 2012 Oil and Gas Outlook Edition.

Exploration - The increasing number of oil companies in Brazil's oil and gas sector has increased exploratory drilling in a wide variety of locations throughout Brazil. The number of exploratory wells being drilled in Brazil during 2012 is projected to increase as follows: there will be 188 exploratory wells by the end of 2012, of which 87 will be offshore and 101 will be onshore. In 2012, there were 156 exploratory wells of which75 were offshore and 81 were onshore. Petrobras, as is to be expected, will be the operator for most of the exploratory wells in Brazil's offshore and onshore sedimentary basins. Of the 87 offshore exploratory wells expected in 2012, Petrobras will drill 66 of those wells. Petrobras' wells will be concentrated in the Santos Basin.

Through certification, the U.S. Commercial Service recognizes the capability and exhibition experience of PennWell Corporation to organize a world class pavilion for U.S. exhibitors to showcase products and services in the hydroelectric power, power generation and power distribution sectors. Power-Gen Brasil, HydroVision Brasil and DistribuTECH Brasil serve as an excellent venues for U.S. companies to establish and expand overseas distribution, generate sales leads, evaluate competitors, and to work with U.S. Commercial Service Trade Specialists to identify potential buyers and partners.


Contacts:
Tim Chambers, Pennwell Inc

Phone: 918-835-3161
tchambers@pennwell.com
Kevin Haley, Trade Event Programs
Senior International Trade Specialist
Phone: 202-482-6434
Kevin.Haley@trade.gov
Igly Serafim, Sao Paulo
Senior Commercial Specialist
Phone: 55/11/3250-5187
Igly.Serafim@trade.gov