| 来源类型 | Papers |
| 规范类型 | 报告 |
| DOI | https://doi.org/10.26889/9781784670139 |
| Challenges across Brazil’s oil sector and prospects for future production | |
| Virendra Chauhan; Pedro Florencio; Maarten van Mourik | |
| 发表日期 | 2014-10-20 |
| 出版年 | 2014 |
| 页码 | 9 |
| 语种 | 英语 |
| 概述 | Less than 10 years ago, at the height of the commodities boom, Brazil was all but assured a place as an oil world powerhouse following the discovery of oil in its subsalt basins. Much faith has been put in Brazil delivering the barrels needed to keep the medium-term oil market in reasonable balance. Whether it […] |
| 摘要 | Less than 10 years ago, at the height of the commodities boom, Brazil was all but assured a place as an oil world powerhouse following the discovery of oil in its subsalt basins. Much faith has been put in Brazil delivering the barrels needed to keep the medium-term oil market in reasonable balance. Whether it is the IEA, EIA, OPEC, major oil companies, or indeed the Brazilian government, all projected the country’s oil production to increase substantially in the coming years. This optimism was brought to the forefront of the global oil and gas industries by the 2007/2008 discovery of the vast pre-salt basins, specifically the Tupi field. This ranks alongside Kashagan as one of the largest and most significant oil discoveries of the past few decades and the biggest in the Americas since the Cantarell field in Mexico in 1976. However, as has often been the case in recent history for the oil markets, a number of project delays and cost overruns have since taken the shine off the initial optimism, and has also kept Brazil from playing a bigger role in the non-OPEC supply picture. So what has slowed the progress in the Brazilian oil sector? This paper argues that Brazil’s upstream sector faces a number of key challenges, including: regulatory barriers; a massive financial burden, consisting of the world’s largest corporate expenditure programme and increasingly funded by debt; high production costs and high decline rates; caps on domestic fuel prices, which have adversely affected Petrobras’ earnings; and waning interest from major international oil companies (IOCs) in co-financing projects. The country’s deep-sea bonanza has become less alluring, whilst oil companies have also been adapting to a changing energy landscape, altered by a focus on capital discipline, shale in the US, and the emergence of other frontier energy sources, such as in deepwater Africa or oil sands in Canada. |
| 主题 | Country and Regional Studies ; Energy Policy ; Finance ; Oil ; Oil & Middle East Programme |
| 关键词 | Brazil Decline Rates Deep Offshore Fuel Subsidies Petrobras Upstream Sector WPM 55 WPM55 |
| URL | https://www.oxfordenergy.org/publications/challenges-across-brazils-oil-sector-and-prospects-for-future-production/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312334 |
| 推荐引用方式 GB/T 7714 | Virendra Chauhan,Pedro Florencio,Maarten van Mourik. Challenges across Brazil’s oil sector and prospects for future production. 2014. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| WPM-55.pdf（1857KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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