Global Business Reports' first report on Brazil (October 2008, Oil and Gas Investor), found an oil and gas market in full bloom. Petrobras-the mixed public/state Brazilian petroleum company founded in 1953-had just discovered the pre-salt (or subsalt) fields, the price of oil was above $100 a barrel, and both Petrobras and the Brazilian government were eager to attract E&P and service and supply companies to assist in exploiting the huge potential.
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