Abstract
The exploration of the so-called ‘pre-salt area’ of offshore Brazil under a specific production sharing regime is relatively new and brought about several changes in the Brazilian oil and gas regulatory framework as opposed to the system originally based on the concession regime. This paper presents a brief background of the Brazilian oil and gas industry, notably with respect to the changing process that introduced the new production sharing regime, and analyses the details involving the interferences from the Brazilian governmental authorities in the industry's activities and the implications for joint ventures intending to be involved with these activities.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
