OTC Brasil has been held biennially in Rio de Janeiro since 2011. The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP) and supported by 13 engineering and scientific organizations who work cooperatively to develop the technical program. Founded in 1969, the Offshore Technology Conference (OTC) organizes the world's foremost events for the development of offshore resources in the fields of drilling, exploration, productions, and environmental protection.