Brazil Beckons with Deepwater
Brazil is in a unique position in the global energy industry. Not only has Brazil evolved into an economic powerhouse, but an energy powerhouse as well. Brazil has garnered a place at the table with the world's integrated majors and its state-owned oil company Petróleos Brasileiros S.A. (known as Petrobras) is here to stay. Over the last decade, Petrobras has quietly been investing in deepwater technology, research, and improving its upstream capabilities. In 2006, the deepwater discoveries of the Lula field (formerly the Tupi field) in the South Atlantic propelled Petrobras onto the global energy stage. Oil and gas companies make discoveries with some level of frequency. Why the added attention? Petrobras discovered ...
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