As Brazil ramps up exploration and production in the pre-salt oilfields, the country has expectations of joining the ranks of the world's top four or five oil producers. A relatively minor spill at Chevron's Frade field, however, brought to light issues of environmental concern as well as questions about how such incidents would be handled. Is the country prepared with the right regulations to handle the mushrooming industry? What does the government's response to the Chevron spill mean for the development of the sector? Could the threat of large fines deter investment? Is the growing oil sector putting a significant strain on the country's resources? Is Maria das GraÇas Foster the right person to lead Petrobras during this period of growth?
Inter-American Dialogue's Latin American Energy Advisor. "Brazil on Track to Manage its Oil Bonanza Effectively?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/189