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Article: Brazil : Petrobras as Sole Pre-Salt Oil Operator May Slow Development.
- Article from:
- TendersInfo
- Article date:
- October 5, 2009
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Brazil s proposal to make Petroleo Brasileiro SA the only operator of some offshore oil fields may slow development of the region where the Americas biggest crude discovery in three decades was made, an industry group said.
The industry won t be developed as a whole because there will be only one operator of the blocks, Joao Carlos de Luca, head of the Brazilian Institute of Petroleum, known as IBP, said today in an interview. The competitiveness of suppliers and contractors will also be hurt as they ll have only one buyer.
Brazilian President Luiz Inacio Lula da Silva in late August sent Congress proposed regulations to govern the exploration of the ...