1. May 22, 2013 Accelerate Oil & Gas Rafael Lourenço Manager, Business Development Brazil-U.S. Business Council

2. U.S. Section operates under the administrative aegis of the U.S. Chamber of Commerce Brazil Section of the council managed by the Brazilian National Confederation of Industry (Confederação Nacional da Indústria – CNI) Partners with the American Chambers of Commerce for Brazil (AmCham Brazil) and other associations as needed Premier business advocacy organization dedicated to strengthening the economic and commercial relationship between the two countries.

3. Brazil-U.S. Business Council Leadership Greg Page Chairman, U.S. Section CEO & Chairman, Cargill Frederico Curado Chairman, Brazil Section President, Embraer Apple

4. The Work of the Brazil Council Political advocacy on behalf of our member companies Business development activities such as business delegations to and from Brazil

5. Task Forces and Working Groups Defense and Security Task Force Energy and Environment Task Force Oil & Gas Working Group Green Technology Working Group Innovation Task Force Tax & Investment Task Force Trade Facilitation Task Force Customs Modernization Working Group Infrastructure Working Group Regulatory and Standards Issues Working Group

6. Opportunities in the Brazilian O&G Sector First bidding round on “pre-salt” blocks – November First bidding round focused on natural gas in the country – October Shale exploration - Fracking Offshore Shipyards focused on rig (FPSOs/drilling rigs, etc.) maintenance and repairing Training of technical personnel for O&G operations Structural and tubular galvanization (particularly in the South and Northeast regions)

7. Challenges Faced by Foreign Investors in the Brazilian O&G Sector Deficit in qualified technical labor (retention/work visas) Deficit in crew personnel for vessels (training bottleneck) Difficulty meeting minimum local content requirements The “Brazil Cost”

8. The Brazil Council Oil & Gas Working Group Mapped out the main recurrent issues in the Brazilian O&G sector Defined a government affairs strategy to address these issues Has been engaging the Brazilian and U.S. governments and other key stakeholders to provide input on how to improve the O&G sector

9. Rafael Lourenço Manager, Business Development Brazil-U.S. Business Council Tel: +55 21-3213-9215 Cel: +55 21-9579-2670 rlourenco@uschamber.com www.brazilcouncil.org THANK YOU!