Oil in Brazil: Evolution of Exploration and Production
Résumé
This article detailes the evolution of Brazilian oil sector, highlighting the government interference, as well the geological achievements since its beginning until reach the current level of exporter with the production of Pre-salt area. Through this article, it is possible to analyze the policies that have stimulated the current results and those that have hampered the development of the industry. According the IEA’s WEO predictions, Brazil will perform a relevant geopolitical role in the next years, being among the first eight oil producers countries in 2040, something difficult to forecast if we consider the first steps of the Brazilian Petroleum Industry. Thus, this article can serve as a material to be considered for the elaboration of future policies for the sector, in order to do keep the progress of Brazil Petroleum Industry.