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Scanning the Brazilian, post-Obama visit blogs, found this interestig tidbit that the media circus traveling with Obama would have had no idea of it happening. Obama went looking for Brazil's oil, and Dilma brushed him off.
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Dilma enquadra Obama: só petróleo, não!
Dilma to Obama -- (You want) only petroleum -- (the answer) is NO.
23/03/2011 - 00:27 | Enviado por: lmazzini
A coluna desta quarta-feira
Na conversa reservada de 50 minutos que ambos tiveram no domingo, no Palácio do Planalto, a presidente Dilma Rousseff e o colega americano Barack Obama conversaram muito sobre a Petrobras, as atuais explorações de óleo do país e, óbvio, sobre o pré-sal. Representante do maior consumidor mundial de petróleo e derivados, Obama ratificou o interesse em negócios futuros no setor. Mas Dilma foi taxativa: “Não queremos apenas exportar óleo cru, mas agregar valor a ele”. O recado foi claro. Os EUA terão de ceder, paulatinamente, em seu duro protecionismo aos produtos brasileiros.
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In the private, 50-minute conversation on Sunday at the Planalto Palace (in Brasilia), President Dilma Rousseff and her American colleague Barack Obama talked at length about Petrobras, the current exploration for oil (in Brazil) and, obviously, about the pre-salt. (see below)
Representing the world's largest consumer of petroleum and its derivities, Obama ratified (U.S.) interest in future business in that sector.
But Dilma was precise. "We do not want to only export crude oil, but to add value to it."
The message was clear. The United States will have to cede, slowly, in its hardline protection against Brazilian products.
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What is the pre-salt region and who is exploring and drilling there?
The pre-salt region is located approximately 170 miles off the coast of Brazil in the Atlantic Ocean. The region likely ranges from Espírito Santo to Santa Catarina State, measuring 497 miles in length and 124 miles in width. The region is named “pre-salt” because the oil is held beneath deep and ultra-deep waters, around 3,000 meters of sand and rock, and an additional layer of salt that, in places, reaches thicknesses of over 2,000 meters, making extraction challenging.
Brazil is developing the technology to drill and recover oil from this region, but as more is discovered about the sheer size of this find it is becoming clear that foreign companies will also play a role in exploration, drilling, the development infrastructure, capital and human resources to fully realize the potential of this region. Indeed, foreign companies have already begun to play an important role by assisting in the drilling. Many of the world’s leading oil companies currently have a presence in the region with others are projected to begin drilling in 2009.
Why have pre-salt site auctions been suspended?
When the pre-salt discoveries were first made, international companies moved quickly to investigate. However, more research and exploration soon revealed the magnitude of the find was much larger than previously thought, and the Brazilian government decided to suspend pre-salt site auctions until a comprehensive strategy to manage and regulate these resources is in place. In other words, as those discoveries proved larger than originally expected, the Brazilian Government realized it was important to develop a comprehensive strategy in order to fully develop these new reserves and, at the same time, guarantee that such windfall wealth would serve as much as possible to the welfare of the Brazilian people. Such suspension first occurred when the government withdrew 41 pre-salt sites from the auctions in the 9th Bid Round in 2007.
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