Open AccessPetrobras’ challenges in the development of the PreSalt reserves: is it the time for Brazil to adopt the International Energy Charter?
Author(s) -
Guilherme Baptista Schwartsmann
Publication year - 2016
Publication title -
revista de direito econômico e socioambiental
Language(s) - English
Resource type - Journals
eISSN - 2179-8214
pISSN - 2179-345X
DOI - 10.7213/rev.dir.econ.socioambienta.07.001.ao07
Subject(s) - charter , agency (philosophy) , business , capital (architecture) , water development , politics , production (economics) , natural resource economics , political science , environmental protection , economics , geography , water resources , philosophy , archaeology , epistemology , law , ecology , macroeconomics , biology
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.