Oil and gas sector in Brazil: an analysis of recent activity based on the scp model
International Journal of Development Research
Oil and gas sector in Brazil: an analysis of recent activity based on the scp model
Received 21st June 2020; Received in revised form 19th July 2020; Accepted 17th August 2020; Published online 30th September 2020
Copyright © 2020, Álvaro Alves de Moura et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The discovery of new oil fields in the pre-salt layer in 2005 in the Santos Basin significantly changed the prospects for the oil and gas sector in Brazil. Vast investments have been made by Petrobras to explore these deposits since 2012, in addition to essential changes in the regulatory framework, which now allow the sector to be explored by private domestic and foreign companies. The objective of this work is to analyze the sector in light of the Structure-Conduct-Performance (SCP) model, taking into account all these observed changes, as well as the problems experienced by Petrobras, including the corruption scandals exposed by the Lava Jato operation.
