Uncertainties at ME, GOM and WA making Brazil more attractive to O&G investors
Claudio Paschoa
June 21, 2013
This is true for all areas of the O&G industry and definitely highlights the importance of Brazil´s pre-salt E&P. The recent unrest experienced in Bahrain in the Middle East, the ongoing civil war in Libya, rampant attacks on oilfields in Nigeria and uncertainties in other WA countries, added to the drilling moratorium at the GOM may have a substantial influence in O&G related investments being increasingly channeled to Brazil. One of the consequences of the international unrest that is influencing an increase in investments in the Brazilian pre-salt, is the increase in world oil prices, which is at around $113 a barrel of Brent, with the latest rise directly resulting from the clashes in Libya and unrest in other Middle East countries…
