Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* 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
* Brazil: Temer shifts back to survival mode, Grace Fan, Elizabeth Johnson, 20 Sep 2017

See all our Brazil research >>

What Libra promises for Petrobras and the country’s oil & gas sector

Overview

Amidst isolated protests from striking oil workers, the Dilma administration on 21 October auctioned off the country’s largest-ever oil discovery, Libra, in the 1st Pre-Salt Auction. In stark contrast to the unqualified success of the 11th E&P Round held in May, just one consortium participated in this auction and the lone offer was the minimum bid of 41.65 per cent of “profit oil” for the government take....

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