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What accounts for the erosion of interest in Brazil's oil sector?


Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/21164

What accounts for the erosion of interest in Brazil's oil sector?

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Title: What accounts for the erosion of interest in Brazil's oil sector?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject: Latin America
oil sector
pre-salt projects
revenue distribution
local consent
Abstract: U.S.-based oil company Anadarko has put its plans to sell some of its assets in Brazil on hold, failing to attract a high enough price as interest in the country's oil sector has waned, the Financial Times reported in July. Brazil has not sold new offshore permits for about five years, and state oil company Petrobras has had difficulty in meeting targets for increased production. High local content requirements and perceived political interference have also hampered investment and production, according to government critics. How much has the previously intense excitement about Brazil's oil sector cooled? What are the primary factors that account for the drop in investor interest? What should the government be doing to improve the regulatory and investment environment?
Date: 2012-07-30
Publisher: Inter-American Dialogue
Citation: Inter-American Dialogue’s Latin American Energy Advisor, July 30-August 3, 2012; pp. 1, 5.
Description: Article re-posted as a PDF document with permission from the publisher as part of an Institutional Repository collection to aggregate Latin American energy policy, dialogue, white papers, reports, and educational materials.
URI: http://hdl.handle.net/1928/21164
Available at: http://www.thedialogue.org

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