Data - Attractiveness of Upstream in Brazil
Description
This study provides an overview of 25 Upstream attributes of the Brazilian oil and natural gas sector and of the country itself, identifying from the industry stakeholders’ perspective the strengths and weaknesses that were aggregated with the support of SPSS (Statistical Package for the Social Sciences) in four factorials: Trade, Regulatory, Prospectivity and Business Environment. The four field surveys which totalled 1,143 structured face-to-face interviews were conducted during the 2012, 2014, 2016 and 2018 editions of Rio Oil & Gas, the largest trade fair of the industry in Latin America. The methodology used - based on established international research, competitive determinants related to industry and market structures, and traditional variables to assess the attractiveness of the segment - seems to have been consistent with the intended objective to elucidate issues to statistically confirm current opinions and to bring original information. The conclusions indicate that the Brazilian Upstream, in the perception of the industry stakeholders, exerts considerable influence on the attraction of investments, although it presents an unstable performance. The segment is attractive in attributes of natural endowments, such as geological potentiality, and issues related to knowledge and innovation, such as university infrastructure and R&D requirements. On the other hand, poor results from trade issues, certain regulatory variables and the business environment highlight structural and bureaucratic hurdles that undermine Brazil's ability to attract more investments. In an overall balance of all variables, the attractiveness conditions declined between 2012 and 2016 and have rebounded recently.