How is PD&I present in the offshore business?

The concepts of Research, Development and Innovation (PD&I) are used by large companies and aim to innovate processes and foster research. Currently, large offshore institutions already use the PD&I method.

The National Agency for Petroleum, Natural Gas and Biofuels, for example, includes concession contracts for the exploitation of and oil and natural gas production an item known as the "1% clause". This clause determines that dealers invest in PD&I value equivalent to 1% of gross revenue generated by high-yield fields or with a large volume of production. The amount collected is directly affected by the evolution of oil prices.

The ANP Technological Innovation Award represents innovation technology for the oil, natural gas and biofuels sector by accredited by the Agency.

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