Chris Wolfe in the Houston Business Journal: Brazil’s Vast Resources Ripe for Houston Energy Explorers

09/05/2013


While much of the U.S. oil and gas production is developed using expensive enhanced oil recovery and hydraulic fracturing methods, Brazil has large reserves that could be tapped using conventional, cheaper methods...

In the fourth installment of a five-part series, Houston Business Journal talked with Chris Wolfe, an energy partner in the Houston office of Haynes and Boone, LLP, about what the South American nation can offer.

HBJ: What’s making the energy industry hot in Brazil?
The sheer size of the undeveloped resources. Brazil is not heavily explored. There are discoveries waiting still to be made. Brazil is a temperate climate with a significant population and a developing economy. Not everything has to be imported to explore, drill, produce, transport and market oil and gas. Brazil has a stable government. Brazil is basically businessoriented. For example, Petrobras, while state controlled, operates to a large degree as an international oil and gas company and not as a social welfare program.

Excerpted from the Houston Business Journal, September 5, 2013. To view full article, click here.

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