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Fiscal Regimes for Hydrocarbons Exploration and Production in Brazil

Author

Listed:
  • Mariano, Jacqueline Barboza
  • Lopes de Souza, José
  • Filho, Nelson Narciso

Abstract

The pre-salt oil province in Brazil was discovered in the Santos and Campos Sedimentary Basins in 2007, with reservoirs containing significant reserves of high quality oil and natural gas. Because of this occurrence, the Brazilian government began a discussion to adopt a new regulatory model for the new exploratory frontier, claiming the need to preserve the national interests in the exploitation of its energy resources. These incidents eventually led to the adoption of the Production Sharing Regime, which currently coexists with the Concession and Onerous Transfer of Rights models.

Suggested Citation

  • Mariano, Jacqueline Barboza & Lopes de Souza, José & Filho, Nelson Narciso, 2018. "Fiscal Regimes for Hydrocarbons Exploration and Production in Brazil," Energy Policy, Elsevier, vol. 119(C), pages 620-647.
    • Handle: RePEc:eee:enepol:v:119:y:2018:i:c:p:620-647
    DOI: 10.1016/j.enpol.2018.04.033
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    Cited by:

    1. Murta, Aurélio Lamare Soares & Freitas, Marcos Aurélio Vasconcelos De & Ferreira, Carla Guimarães & Da Costa Lima Peixoto, Mariana Marinho, 2021. "The use of palm oil biodiesel blends in locomotives: An economic, social and environmental analysis," Renewable Energy, Elsevier, vol. 164(C), pages 521-530.
    2. Cerqueti, Roy & Ventura, Marco, 2020. "Optimal concession contracts for oil exploitation," Energy Policy, Elsevier, vol. 147(C).
    3. Furtado, Lucas S. & Gonçalves, Edson & Costa, Luciano A.R., 2019. "Risk and rewards dynamics: Measuring the attractiveness of the fiscal regime in the presence of exploratory risks," Energy Policy, Elsevier, vol. 132(C), pages 1274-1287.
    4. Hallack, Larissa Nogueira & Szklo, Alexandre, 2019. "Assessing the exploratory potential in Brazil by applying a creaming curve variant," Energy Policy, Elsevier, vol. 129(C), pages 672-683.

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