Mayer Brown: Brazil reexamines its presalt policies

05/26/2014
Brazil's government is considering proposals to open operatorship of its presalt projects to companies other than state-run Petroleo Brasileiro SA (Petrobras), and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston on May 15. "There is too much oil for one company to develop," Chequer said. "I think the government realized it made a big mistake" in stipulating that Petrobras operate all presalt projects offshore Brazil. While Brazil was establishing a new policy structure for presalt developments, its oil and gas bid rounds were stopped for 5 years. The Brazilian government is the controlling sh...
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