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How Will Brazil's Pre-Salt Regulatory Debate Turn Out?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/15061

How Will Brazil's Pre-Salt Regulatory Debate Turn Out?

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Title: How Will Brazil's Pre-Salt Regulatory Debate Turn Out?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject(s): Latin America
Brazil
exploration
production
subsalt
reserves
legislation
policy
Ibsen Amendment
oil
gas
Petroleum Law
revenue distribution
PSA
Abstract: The Brazilian government last month released a long-anticipated plan for sharing oil royalties among states. However, congressional leaders have continued to struggle to broker a compromise with producer and nonproducer state governments, which are each threatening to challenge proposals they deem insufficient in court. The deal is a requirement to implement the government's new framework for exploration and production of the country's massive subsalt reserves. What are the main obstacles to reaching a deal? How likely is the government to reach an agreement before the end of the year? When is Brazil likely to be able to conduct a new bidding round for the pre-salt area?
Date: 2011-10-03
Publisher: Inter-American Dialogue
Citation: Inter-American Dialogue’s Latin American Energy Advisor, October 3-7, 2011; pp. 1, 3, 6. Also online at www.thedialogue.org.
URI: http://hdl.handle.net/1928/15061

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