Petrobras’ challenges in the development of the PreSalt reserves: is it the time for Brazil to adopt the International Energy Charter?

Guilherme Baptista Schwartsmann

doi:10.7213/rev.dir.econ.socioambienta.07.001.AO07

Authors

Guilherme Baptista Schwartsmann Pontifícia Universidade Católica do Rio Grande do Sul

DOI:

https://doi.org/10.7213/rev.dir.econ.socioambienta.07.001.AO07

Keywords:

pre-salt, Petrobras, oil, FDI, investment promotion.

Abstract

According to the International Energy Agency, Brazil plays a central role in meeting the world’s oil needs through to 2035, accounting for one-third of the net growth in global supply. At the centre of the country’s efforts to become one of the world’s largest oil producers is a highly complex and capital-intensive deep-water project to develop its pre-salt basin oil reserves3. The purpose of this paper is to briefly present the pre-salt project and its production challenges – both economical and political – demonstrating the potential benefits of the adoption of the International Energy Charter for its development.

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References

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