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IPMA ITALY Journal of Applied Project Management
                                                                         Volume 2 no. 4 (October 2016)

















                                            Fig. 01 - Main Project Phases

            Intrinsically  the  split  of  operations           gaps in expertise, technology, human
            Italy/Brazil,  necessary  to  comply  with          resources  and  infrastructure  between
            the contractual requirements, and the               Brazilian  and  foreign  Companies.  For
            supply  chain  division  involve  different         this  reason,  the  National  Petroleum
            risks.  A  possible  delay  in  the  Italian        Agency  (ANP)  decided  in  2008  to
            operations      would     have     created          implement        the     Local     Content
            impacts  and  possible  unrecoverable               Program for the purpose of promoting
            delays  to  the  Brazilian  operations.  A          economic  development  and  the
            slippage  in  the  Brazilian  operations            technical knowledge transfer to Brazil.
            could  have  impacted  the  final                   Local content policy strictly follows this
            delivery  to  Customer,  compromising               guideline  by  requiring  from  the
            all effort upstream.                                Investors  a  certain  percentage  of
                                                                domestic  content  for  a  variety  of
                                                                equipment,       to   promote      Brazilian
                5.  Local Content                               industry,  generate  employment  and
                                                                income,      strengthen     the    Country
            GE Oil & Gas has invested so far $282               productive capacity and develop the
                                                                local professional talents.
            Million  in  Brazil  with  six  facilities  and     ANP in the “Resolução 19” defined a
            more       than      2,000      employees
            (http://www.genewsroom.com/Press-                   methodology         to    calculate      the
                                                                percentage of local content in goods
            Releases/GE-Oil--Gas-Boosts-Local-                  and  services  and  set  procedures  for
            Content-of-Its-Turbomachinery-                      the  accreditation  of  independent
            Products-with-Packaging-and-Testing-
            Activities-in-Recife-Brazil-214261).                Companies          to      certify     such
                                                                percentages.  Using  an  independent
            The  Brazilian  Petroleum  Industry  has            certifying  Entity,  it  was  possible  to
            been      entering     into    Concession
            Contracts  since  1997  to  explore  the            ensure the transparency of the entire
                                                                process  while  protecting  the  Sellers
            domestic  reserves.  Nevertheless,  this            from         disclosing        confidential
            market opening has revealed existing                information that would have put them



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