Brazilian activity sets pace for Latin America's petroleum industry

摘要

The federal government, for example, would be free to hire Petrobras exclusively for subsalt E&P if it wishes, or to conduct public bids with the free participation of any company, according to Petrobras. In areas subject to public bids, Petrobras will have a minimum interest of 30%, with the additional right to participate in bidding processes to increase its interest in those areas. The new rules would be similar to existing ones, except Petrobras would be the operator.