Brazilian Production Sharing Agreements: A Critical Approach
Article from: OGEL 5 (2013), in Production Sharing Contracts
Abstract
September 2013 - This work analyses the production sharing agreement adopted by Brazil to govern the contractual relations under pre-salt and strategic areas, following the huge discoveries of oil underneath the salt layer in its continental shelf. It provides a general understanding about the characteristics of the pre-salt province, as well as the inherent challenges in undertaking activities in this area. The manner these discoveries influenced the establishment of the new Brazilian oil and gas regulatory framework will be examined, detailing the main laws that compose this ...