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Brazil on Track to Manage its Oil Bonanza Effectively?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/19405

Brazil on Track to Manage its Oil Bonanza Effectively?

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Title: Brazil on Track to Manage its Oil Bonanza Effectively?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject(s): Latin America
Brazil
oil
exploration
production
pre-salt
environment
spill
Chevron
Petrobras
Dilma Rousseff
Maria das Graças Foster
industry
export
regulation
crisis management and response
legislation
HSE regulations
IBAMA
National Agency of Petroleum
investment
growth
Abstract: As Brazil ramps up exploration and production in the pre-salt oilfields, the country has expectations of joining the ranks of the world's top four or five oil producers. A relatively minor spill at Chevron's Frade field, however, brought to light issues of environmental concern as well as questions about how such incidents would be handled. Is the country prepared with the right regulations to handle the mushrooming industry? What does the government's response to the Chevron spill mean for the development of the sector? Could the threat of large fines deter investment? Is the growing oil sector putting a significant strain on the country's resources? Is Maria das Graças Foster the right person to lead Petrobras during this period of growth?
Date: 2012-01-30
Publisher: Inter-American Dialogue
Citation: Inter-American Dialogue’s Latin American Energy Advisor, January 30-February 3, 2012; pp. 1, 3, 6.
URI: http://hdl.handle.net/1928/19405
Available at: http://www.thedialogue.org

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