To quickly tap into Brazil’s potential, measures to encourage investment must be taken. Recommendations for the E&P, downstream, distribution, logistics, natural gas, and gas fired power generation sectors are presented below.
The first step to stimulate investment in the sector is to revise the production-sharing contracts for the pre-salt layer. The government needs to end the requirement that Petrobras be part of all consortia, allow different operators to come in, and reassess the tasks assigned to the company (Pré-Sal Petróleo S.A.—PPSA) responsible for managing the contracts.
Ending Petrobras’s requirement to operate in all pre-salt fields is already the target...