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Brazil Pre-Salt and Other Strategic Areas: New E&P Legal Framework |
October 27, 2009
Previously published on September 28, 2009
The Brazilian Government has submitted to Congress its proposals to significantly change the legal and regulatory framework for the exploration and production of oil and natural gas in the pre-salt area and certain other areas deemed strategic by the Government. The pre-salt layer covers 112,000 km2 of deep-water area that is estimated to hold recoverable reserves of roughly 50 billion barrels of oil.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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