New Players in the Brazilian O&G Market
Claudio Paschoa
September 27, 2010
With the expected growth of the Brazilian O&G market and high potential for new discoveries, new national and international O&G operators are preparing for or already undertaking exploratory campaigns. We will be taking a look at these new operators and also at how the established players are going about E&P in Brazil.The first new player we will be looking at is HRT Oil & Gas, which is a new national operator, founded in 2009. HRT O&G is a company belonging to the HRT Participation Group, an O&G market consultancy company founded by a prominent geologist Marcio Rocha Mello PhD, who worked for Petrobras for 25 years. HRT`s initial targets are the Brazilian and West African sedimentary basins.