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 reserves. The purpose of this paper is to briefly present the pre-salt project and its production challenges – both economic and political – demonstrating the potential benefits of the adoption of the International Energy Charter for its development.
Petrobras’ challenges in the development of the Pre-Salt reserves: is it the time for Brazil to adopt the International Energy Charter?
by Mr. Guilherme Baptista Schwartsmann
published in Revista De Direito Econômico E Socioambiental, vol. 7., no. 1, 2016
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The contents of this work are the author's sole responsibility. They do not necessarily represent the views of the Energy Charter Secretariat or any members of the Energy Charter Treaty.