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
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.