Pedro Florencio

Contact

WP_Query Object
(
    [query] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14762
                            [compare] => LIKE
                        )

                )

        )

    [query_vars] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14762
                            [compare] => LIKE
                        )

                )

            [error] => 
            [m] => 
            [p] => 0
            [post_parent] => 
            [subpost] => 
            [subpost_id] => 
            [attachment] => 
            [attachment_id] => 0
            [name] => 
            [static] => 
            [pagename] => 
            [page_id] => 0
            [second] => 
            [minute] => 
            [hour] => 
            [day] => 0
            [monthnum] => 0
            [year] => 0
            [w] => 0
            [category_name] => 
            [tag] => 
            [cat] => 
            [tag_id] => 
            [author] => 
            [author_name] => 
            [feed] => 
            [tb] => 
            [paged] => 0
            [meta_key] => 
            [meta_value] => 
            [preview] => 
            [s] => 
            [sentence] => 
            [title] => 
            [fields] => 
            [menu_order] => 
            [embed] => 
            [category__in] => Array
                (
                )

            [category__not_in] => Array
                (
                )

            [category__and] => Array
                (
                )

            [post__in] => Array
                (
                )

            [post__not_in] => Array
                (
                )

            [post_name__in] => Array
                (
                )

            [tag__in] => Array
                (
                )

            [tag__not_in] => Array
                (
                )

            [tag__and] => Array
                (
                )

            [tag_slug__in] => Array
                (
                )

            [tag_slug__and] => Array
                (
                )

            [post_parent__in] => Array
                (
                )

            [post_parent__not_in] => Array
                (
                )

            [author__in] => Array
                (
                )

            [author__not_in] => Array
                (
                )

            [ignore_sticky_posts] => 
            [suppress_filters] => 
            [cache_results] => 1
            [update_post_term_cache] => 1
            [lazy_load_term_meta] => 1
            [update_post_meta_cache] => 1
            [nopaging] => 1
            [comments_per_page] => 50
            [no_found_rows] => 
            [order] => DESC
        )

    [tax_query] => WP_Tax_Query Object
        (
            [queries] => Array
                (
                )

            [relation] => AND
            [table_aliases:protected] => Array
                (
                )

            [queried_terms] => Array
                (
                )

            [primary_table] => wp_posts
            [primary_id_column] => ID
        )

    [meta_query] => WP_Meta_Query Object
        (
            [queries] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14762
                            [compare] => LIKE
                        )

                    [relation] => OR
                )

            [relation] => AND
            [meta_table] => wp_postmeta
            [meta_id_column] => post_id
            [primary_table] => wp_posts
            [primary_id_column] => ID
            [table_aliases:protected] => Array
                (
                    [0] => wp_postmeta
                )

            [clauses:protected] => Array
                (
                    [wp_postmeta] => Array
                        (
                            [key] => author
                            [value] => 14762
                            [compare] => LIKE
                            [alias] => wp_postmeta
                            [cast] => CHAR
                        )

                )

            [has_or_relation:protected] => 
        )

    [date_query] => 
    [request] => SELECT   wp_posts.* FROM wp_posts  INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id ) WHERE 1=1  AND ( 
  ( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '%14762%' )
) AND wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC 
    [posts] => Array
        (
            [0] => WP_Post Object
                (
                    [ID] => 27391
                    [post_author] => 1
                    [post_date] => 2014-10-20 11:02:25
                    [post_date_gmt] => 2014-10-20 10:02:25
                    [post_content] => Less than 10 years ago, at the height of the commodities boom, Brazil was all but assured a place as an oil world powerhouse following the discovery of oil in its subsalt basins. Much faith has been put in Brazil delivering the barrels needed to keep the medium-term oil market in reasonable balance. Whether it is the IEA, EIA, OPEC, major oil companies, or indeed the Brazilian government, all projected the country’s oil production to increase substantially in the coming years. This optimism was brought to the forefront of the global oil and gas industries by the 2007/2008 discovery of the vast pre-salt basins, specifically the Tupi field. This ranks alongside Kashagan as one of the largest and most significant oil discoveries of the past few decades and the biggest in the Americas since the Cantarell field in Mexico in 1976. However, as has often been the case in recent history for the oil markets, a number of project delays and cost overruns have since taken the shine off the initial optimism, and has also kept Brazil from playing a bigger role in the non-OPEC supply picture.

So what has slowed the progress in the Brazilian oil sector? This paper argues that Brazil’s upstream sector faces a number of key challenges, including: regulatory barriers; a massive financial burden, consisting of the world’s largest corporate expenditure programme and increasingly funded by debt; high production costs and high decline rates; caps on domestic fuel prices, which have adversely affected Petrobras’ earnings; and waning interest from major international oil companies (IOCs) in co-financing projects. The country's deep-sea bonanza has become less alluring, whilst oil companies have also been adapting to a changing energy landscape, altered by a focus on capital discipline, shale in the US, and the emergence of other frontier energy sources, such as in deepwater Africa or oil sands in Canada.
                    [post_title] => Challenges across Brazil's oil sector and prospects for future production
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => challenges-across-brazils-oil-sector-and-prospects-for-future-production
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2016-03-01 14:07:21
                    [post_modified_gmt] => 2016-03-01 14:07:21
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/wpcms/publications/challenges-across-brazils-oil-sector-and-prospects-for-future-production/
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

        )

    [post_count] => 1
    [current_post] => -1
    [in_the_loop] => 
    [post] => WP_Post Object
        (
            [ID] => 27391
            [post_author] => 1
            [post_date] => 2014-10-20 11:02:25
            [post_date_gmt] => 2014-10-20 10:02:25
            [post_content] => Less than 10 years ago, at the height of the commodities boom, Brazil was all but assured a place as an oil world powerhouse following the discovery of oil in its subsalt basins. Much faith has been put in Brazil delivering the barrels needed to keep the medium-term oil market in reasonable balance. Whether it is the IEA, EIA, OPEC, major oil companies, or indeed the Brazilian government, all projected the country’s oil production to increase substantially in the coming years. This optimism was brought to the forefront of the global oil and gas industries by the 2007/2008 discovery of the vast pre-salt basins, specifically the Tupi field. This ranks alongside Kashagan as one of the largest and most significant oil discoveries of the past few decades and the biggest in the Americas since the Cantarell field in Mexico in 1976. However, as has often been the case in recent history for the oil markets, a number of project delays and cost overruns have since taken the shine off the initial optimism, and has also kept Brazil from playing a bigger role in the non-OPEC supply picture.

So what has slowed the progress in the Brazilian oil sector? This paper argues that Brazil’s upstream sector faces a number of key challenges, including: regulatory barriers; a massive financial burden, consisting of the world’s largest corporate expenditure programme and increasingly funded by debt; high production costs and high decline rates; caps on domestic fuel prices, which have adversely affected Petrobras’ earnings; and waning interest from major international oil companies (IOCs) in co-financing projects. The country's deep-sea bonanza has become less alluring, whilst oil companies have also been adapting to a changing energy landscape, altered by a focus on capital discipline, shale in the US, and the emergence of other frontier energy sources, such as in deepwater Africa or oil sands in Canada.
            [post_title] => Challenges across Brazil's oil sector and prospects for future production
            [post_excerpt] => 
            [post_status] => publish
            [comment_status] => closed
            [ping_status] => closed
            [post_password] => 
            [post_name] => challenges-across-brazils-oil-sector-and-prospects-for-future-production
            [to_ping] => 
            [pinged] => 
            [post_modified] => 2016-03-01 14:07:21
            [post_modified_gmt] => 2016-03-01 14:07:21
            [post_content_filtered] => 
            [post_parent] => 0
            [guid] => https://www.oxfordenergy.org/wpcms/publications/challenges-across-brazils-oil-sector-and-prospects-for-future-production/
            [menu_order] => 0
            [post_type] => publications
            [post_mime_type] => 
            [comment_count] => 0
            [filter] => raw
        )

    [comment_count] => 0
    [current_comment] => -1
    [found_posts] => 1
    [max_num_pages] => 0
    [max_num_comment_pages] => 0
    [is_single] => 
    [is_preview] => 
    [is_page] => 
    [is_archive] => 1
    [is_date] => 
    [is_year] => 
    [is_month] => 
    [is_day] => 
    [is_time] => 
    [is_author] => 
    [is_category] => 
    [is_tag] => 
    [is_tax] => 
    [is_search] => 
    [is_feed] => 
    [is_comment_feed] => 
    [is_trackback] => 
    [is_home] => 
    [is_404] => 
    [is_embed] => 
    [is_paged] => 
    [is_admin] => 
    [is_attachment] => 
    [is_singular] => 
    [is_robots] => 
    [is_posts_page] => 
    [is_post_type_archive] => 1
    [query_vars_hash:WP_Query:private] => 3ce382f4277f1728d9923b2956c45a66
    [query_vars_changed:WP_Query:private] => 
    [thumbnails_cached] => 
    [stopwords:WP_Query:private] => 
    [compat_fields:WP_Query:private] => Array
        (
            [0] => query_vars_hash
            [1] => query_vars_changed
        )

    [compat_methods:WP_Query:private] => Array
        (
            [0] => init_query_flags
            [1] => parse_tax_query
        )

)

Latest Publications by Pedro Florencio

Latest Tweets from @OxfordEnergy

  • New OIES study: Turkey’s gas demand may be no more than 55–56 bcm/year by 2025 and 60–62 bcm/year by 2030… https://t.co/9T5YhOKhyR

    April 26th

  • Gas will continue to lose out against coal in Turkey's power generation, says new OIES study @AAEnergyNews https://t.co/hjKBERfzLw

    April 25th

  • New OIES study: Ankara looks to renewables and domestic coal to cut energy & mineral import bill https://t.co/4O8CXhtIVD

    April 25th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.