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Recent discoveries in the pre-salt area off the coast of Rio de Janeiro and São Paulo could reach over 120 billion barrels. Such discoveries could open a vast new market as Brazil - for the first time in its history - becomes a significant oil exporter.
However, Brazil is still a new player in the international oil and gas market. Understanding the country’s upstream legal regime is crucial for international investors, as well as for foreign lawyers who may be asked to advise on upstream operations in Brazil.
This new book reviews the key elements of the Brazilian upstream legal framework, including general Brazilian law, the regulatory entities and other players in the upstream sector, the new petroleum legal regime, decommissioning challenges and project finance opportunities.
The chapters are written by highly respected Brazilian professionals, including experts from Pinheiro Neto, Vieira Rezende, Veirano Advogados and Ernst & Young. Their insights offer reliable guidance for international investors - and the lawyers assisting them - when considering potential investment in Brazil, particularly for those who are not yet familiar with the country’s legal system.