Brazil Oil and Gas Report - Business Monitor International - Industry Reports

Brazil Oil and Gas Report

Brazil Oil and Gas Report - Business Monitor International - Industry Reports
Brazil Oil and Gas Report
Published Sep 03, 2016
133 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The key trends and developments in the Brazilian oil and gas sector are: On August --, national oil company (NOC) Petrobras reported a USD---mn profit in its Q--- results, representing a -- y-o-y decline. The fall was attributed to a weaker exchange rate, which increased interest expenses, coupled with a rise in operational expenses. ...Spending is expected to increase over H---, reaching a new targeted rate of USD--.-bn. On July --, Statoil announced it would acquire the -- operating interest of Brazilian national oil company (NOC) Petrobras in the BM-S-- deepwater license, signalling an important shift in the latter s divestment plan. The sale of this license in the pre-salt Santos Basin is Petrobras first farm-out of a domestic upstream asset, illustrating the accelerated sales strategy pursued under its new CEO Pedro ...On July --, Statoil announced it would acquire the -- operating interest of Brazilian national oil company (NOC) Petrobras in the BM-S-- deepwater license, signalling an important shift in the latter s divestment plan. The sale of this license in the pre-salt Santos Basin is Petrobras first farm-out of a domestic upstream asset, illustrating the accelerated sales strategy pursued under its new CEO Pedro

...As of year-end ----, Brazil s proven oil reserves were reported at --.-bn barrels (bbl) by the country s petroleum and natural authority, Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP). This represents a -- declines versus ---- but a near --mn bbl increase since ----. ...This report claims that Brazil s subsalt polygon contains at least ---bn barrels of undiscovered, recoverable resources of oil and natural gas, equivalent to more than five years of the world s current hydrocarbon demand. The discovery and ongoing exploration of presalt resources in the Santos and Campos basins some -,--- to -,---m below the surface with an API of approximately --�, represents a watershed opportunity for Petrobras and its international partners. Deepwater basins have the potential to dramatically expand Brazil s hydrocarbon reserves over the coming years. ...Deepwater basins have the potential to dramatically expand Brazil s hydrocarbon reserves over the coming years. However, we maintain that above ground headwinds will keep

...Reports suggested that Brazil s lower house planned to vote on changes to existing presalt regulations in the coming weeks to encourage greater private investment in the oil sector. The key change within the proposed bill would reduce Petrobras mandated minimum stake in future pre-salt projects, thereby lowering the NOC s financial burden in deepwater acreage. ...

  
Source:
Document ID
1748-3859
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Brazil Oil and Gas Report" Sep 03, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Oil-and-Gas-Report-2026-392>
  
APA:
Business Monitor International - Industry Reports. (2016). Brazil Oil and Gas Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Oil-and-Gas-Report-2026-392>
  
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