Brazil’s Petrobras Could Expand Into Guyana, CEO Says

During the biennial Rio Oil & Gas conference, Castello Branco said onerous environmental licensing requirements in Brazil were pushing the oil firm to consider Guyana.

RIO DE JANEIRO, BRAZIL - (Reuters) Brazil’s Petrobras could expand its operations into neighboring Guyana, if the regulatory environment does not improve in Brazil, CEO Roberto Castello Branco said on Thursday, December 3rd, the first official admission of interest in the hot frontier oil play.

Petroleo Brasileiro SA, as the company is formally known,Subscribe to our Premium Membership Plan. Already Subscribed?