Petroleo Brasilerio (Petrobras), Brazil’s state-controlled oil company, has become a force to be reckoned with in the Gulf of Mexico (GOM). Over the past two years, the producer has quickly become a major foreign investor in the U.S. offshore, outbidding its rivals to obtain key tracts auctioned by the Minerals Management Services (MMS) in the western GOM.
Reckoned
Articles from Reckoned
Brazil’s Petrobras Force to Be Reckoned with in GOM
Petroleo Brasilerio (Petrobras), Brazil’s state-controlled oil company, has become a force to be reckoned with in the Gulf of Mexico (GOM). Over the past two years, the producer has quickly become a major foreign investor in the U.S. offshore, outbidding its rivals to obtain key tracts auctioned by the Minerals Management Services (MMS) in the western GOM.
August 18, 2006
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