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IADC Signs MOU for Collaboration with Brazil's IBP


IBP Secretary-General Milton Costa Filho (left) and IADC President Jason McFarland sign the MOU on 4 May.

On 4 May in Houston, IADC and the Brazil Institute of Petroleum, Gas and Biofuels (IBP) signed a memorandum of understanding (MOU), which establishes a framework through which the organizations will cooperate and collaborate to foster education and communication within the upstream oil and gas industry in Brazil.

The MOU was signed by IADC President Jason McFarland and Milton Costa Filho, IBP Secretary-General during the 2017 Offshore Technology Conference.

Mr. Costa noted that, “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.”

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