Focusing on Brazil's E&P potential

摘要

While opportunities in Brazil are compelling, there are project development and execution risks. Over the past two decades, successive Brazilian governments consistently have adopted policies that support economic liberalization. In 1995, Brazil began restructuring the hydrocarbon industry, which led to the creation of the Agenda Nacional do Petroleo (ANP) and ultimately the enactment of a new petroleum law in 1997. Today, in addition to overseeing other industry activities, the ANP is responsible for granting E&P rights in Brazil to private entities, rights previously exercised solely by Petrobras - the former state energy monopoly.