Word last week that offshore oil players may not be impressed with Brazil’s massive pre-salt prospects. At least, not as impressed as Brazilian officials think.Several industry players under the banner of the Americas Society/Council of the Americas Energy Action Group released a report analyzing investment in Brazil’s billion-barrel pre-salt prospects. The group concluded that potential bidders for these fields may be deterred by poor fiscal terms.One of the biggest stumbling blocks is state participation. The current rules call for Brazilian…
via OilPrice.com Daily News Update http://oilprice.com/Finance/investing-and-trading-reports/Brazils-Oil-Less-Mega-Than-You-Think.html
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