Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil

Oil companies have a long history of cooperative arrangements. The formation of consortia for participation in projects of exploration and production is a common practice and has been seen in Brazil since 1999, when the oil sector was opened to foreign companies. The purpose of this article is to an...

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Main Authors: Antonio Rufino da Costa, Fernando Dias Lopes
Format: Article
Language:English
Published: Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) 2010-09-01
Series:RAC: Revista de Administração Contemporânea
Subjects:
Online Access:http://www.anpad.org.br/periodicos/arq_pdf/a_1092.pdf
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author Antonio Rufino da Costa
Fernando Dias Lopes
author_facet Antonio Rufino da Costa
Fernando Dias Lopes
author_sort Antonio Rufino da Costa
collection DOAJ
description Oil companies have a long history of cooperative arrangements. The formation of consortia for participation in projects of exploration and production is a common practice and has been seen in Brazil since 1999, when the oil sector was opened to foreign companies. The purpose of this article is to analyze the participation of foreign companies and consortia formed by companies in the bidding for exploratory blocks conducted by the Brazilian agency of oil, natural gas and biofuel [ANP]. The methodology employed is qualitative, supplemented by quantitative analysis, used to verify the existence of correlation between the shares of foreign companies and consortia and two specific variables: Brazil risk and oil prices on the international market. The findings, from a neoinstitutional perspective, point to the conformation of the Brazilian model to international standards in this economic segment, the participation of a large number of companies in the opening process, highlighting the role of Petrobras in the bid rounds, and the formation of a predominant partnership between Petrobras and Petrogal.
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spelling doaj.art-38b2a62e30f04fcfba2c04877a6f24542023-08-02T02:06:29ZengAssociação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)RAC: Revista de Administração Contemporânea1415-65551982-78492010-09-01145798817Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no BrasilAntonio Rufino da CostaFernando Dias LopesOil companies have a long history of cooperative arrangements. The formation of consortia for participation in projects of exploration and production is a common practice and has been seen in Brazil since 1999, when the oil sector was opened to foreign companies. The purpose of this article is to analyze the participation of foreign companies and consortia formed by companies in the bidding for exploratory blocks conducted by the Brazilian agency of oil, natural gas and biofuel [ANP]. The methodology employed is qualitative, supplemented by quantitative analysis, used to verify the existence of correlation between the shares of foreign companies and consortia and two specific variables: Brazil risk and oil prices on the international market. The findings, from a neoinstitutional perspective, point to the conformation of the Brazilian model to international standards in this economic segment, the participation of a large number of companies in the opening process, highlighting the role of Petrobras in the bid rounds, and the formation of a predominant partnership between Petrobras and Petrogal.http://www.anpad.org.br/periodicos/arq_pdf/a_1092.pdfconsortiainstitutional theoryoil.
spellingShingle Antonio Rufino da Costa
Fernando Dias Lopes
Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
RAC: Revista de Administração Contemporânea
consortia
institutional theory
oil.
title Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
title_full Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
title_fullStr Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
title_full_unstemmed Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
title_short Participação de Empresas Estrangeiras e Consórcios em Leilões de Blocos Exploratórios de Petróleo e Gás no Brasil
title_sort participacao de empresas estrangeiras e consorcios em leiloes de blocos exploratorios de petroleo e gas no brasil
topic consortia
institutional theory
oil.
url http://www.anpad.org.br/periodicos/arq_pdf/a_1092.pdf
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