Brazil: World Oil Report 1991

Journal Article · Thu Aug 01 04:00:00 EDT 1991 · World Oil; (United States)

OSTI ID:5682644

This paper reports that Brazil's state oil company Petrobras has racked up a significant period of achievement over the last 12 months. Average daily oil production hit a new high. A small portion of deepwater giant Marlim field came onstream. Risk contracts ended, and the firm assumed all responsibility for exploration activity in Brazil. Furthermore, Santos basin proved to be the nation's most recent oil province after two discoveries. Last, but not least, Petrobras assumed a dominant position worldwide in development of new deepwater technology, as evidenced by papers presented at the 1991 Offshore Technology Conference. What is remarkable is that all this was achieved while the company was experiencing political turmoil. Last Oct. 19, Petrobras President Luis Octavio Motta Veiga resigned in a dispute with the Ministry of Economy (MOE) over refined product pricing levels. His replacement, interestingly enough, was the 36-year-old executive secretary of the MOE, Eduardo de Freitas Teixeira. His term at Petrobras lasted less than six months.

• OSTI ID: 5682644
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
BRAZIL
DEVELOPING COUNTRIES
ENERGY POLICY
EXPLORATORY WELLS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INDUSTRY
LATIN AMERICA
MINERAL RESOURCES
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTIVITY
RESOURCE DEVELOPMENT
RESOURCES
SOUTH AMERICA
WELLS