Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: Rift widens between Temer and Lower House Speaker Maia, Grace Fan, Elizabeth Johnson, 19 Oct 2017
* Brazil: New electoral rules for 2018, Grace Fan, Elizabeth Johnson, 12 Oct 2017
* Brazil: Little time left for reform, Elizabeth Johnson, Grace Fan, 5 Oct 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017

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Brazil: Doubling down on Petrobras

Overview

The embattled Dilma administration opted this week to expand Petrobras’ (PETR3:BZ, PBR:US) already outsized role in Brazil’s oil & gas sector amid the president’s still shaky re-election campaign and a widening congressional corruption probe. The government announced it will grant the firm production-sharing rights for four prime pre-salt areas that, combined, have massive estimated recoverable reserves of 9.8-15.2 billion boe – a volume potentially larger than either Libra,...

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