Book chapter
Petrobras in the History of Offshore Oil
New Order and Progress
Oxford University Press
04/28/2016
DOI: 10.1093/acprof:oso/9780190462888.003.0003
Abstract
This essay analyzes the evolution the Brazilian oil industry during the second half of the 20th century and focuses on the aggressive push offshore by the state-owned oil company (or national oil company, NOC), Petrobras. Unlike most other NOCs, which were created to capture rents from large oil reserves previously discovered by foreign companies, Petrobras was instilled with a mission to achieve national self-sufficiency in oil. Although a state-owned oil monopoly born out of nationalism, Petrobras's success in finding and producing oil from increasingly extreme water depths depended on adapting techniques and ideas fashioned abroad and importing high-tech expertise, equipment, and services. This essay contributes to scholarship on the political economy of NOCs by revealing the largely unacknowledged role of multinational oil service companies, contractors, and consultants in the creation and maintenance of an otherwise nationally controlled oil sector.
Details
- Title: Subtitle
- Petrobras in the History of Offshore Oil
- Creators
- Tyler Priest
- Resource Type
- Book chapter
- Publication Details
- New Order and Progress
- DOI
- 10.1093/acprof:oso/9780190462888.003.0003
- Publisher
- Oxford University Press; New York
- Language
- English
- Date published
- 04/28/2016
- Academic Unit
- History; Public Policy Center (Archive); Geographical and Sustainability Sciences
- Record Identifier
- 9983920524502771
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