Petrobras: Drilling in Troubled Waters?



Case Details Case Introduction 1 Case Introduction 2 Case Excerpts

Abstract

Petrobras, the state-owned Brazilian multinational energy corporation, is among the largest companies in the oil industry. The company has enjoyed a monopoly over the oil reserves in Brazil since it was founded in the year 1953.

The oil crisis of 1973 and 1979 hurt the revenues of Petrobras. The company invested heavily in research and development in the 1980s and successfully discovered oil in the deep waters of the Campos basin. Over the next few years, Petrobras focused on coming up with a technology that would help it specialize in drilling techniques to drill 1,200 meters below the sea level.

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Issues

The case is structured to achieve the following teaching objectives:

  • Understand the business of Petrobras
  • Examine the strategic decisions taken by the company
  • Study the business environment of Brazil
  • Analyze achievements and failures of the company
  • Analyze the investment decisions of the company
  • Scrutinize the government intervention in the affairs of the company
  • Identify the challenges before the new CEO
  • Examine the role of corruption in the stagnation of production at Petrobras.

Contents
Introduction
Background Note
Problems Arise
Gracas Foster At The Helm
The Challenges
Exhibit

Keywords

Petrobras, Brazil, Floating Production Platforms, Pre-salt cluster, Business and government, Strategy,Investment, Oil prices, Inflation

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