Editorial do Upstream
End of an era for Brazil
The early departure of Decio Oddone as director general of Brazil’s National Petroleum Agency (ANP) will mark the end of an era of progress and profound changes in the country’s oil and gas sector, writes Fabio Palmigiani.
In three years under Oddone, the ANP has implemented a pragmatic business-friendly agenda that has helped Brazil restore its status as a hotspot for international oil companies.
With ample experience of working for state-controlled Petobras and in the private sector, Oddone set the course for a competitive market, shunning heavy-handed interventionism.
Among his achievements was the implementation of a long-term licensing calendar, striking the right balance with new rules to govern the thorny issue of local content requirements and actions to stimulate onshore and mature field production.
Oddone’s exit, almost one year before the end of his term, may worry industry insiders, some of whom question whether Brazil’s President Jair Bolsonaro will resist a temptation to interfere when there are easy popularity points to be scored.
In replacing Oddone, Bolsonaro, a former army captain, might follow his penchant for appointments from the military ranks, as he did with Energy Minister Bento Albuquerque.
Conversely, Brazil could revert to the political appointments that can help legislation through Congress, but which also stir up memories of graft scandals.
If Brazil has learned any lessons from the Oddone era, it might be that people with a solid industry background and a healthy sense of public duty tend to make the best regulators.
End of an era for Brazil
The early departure of Decio Oddone as director general of Brazil’s National Petroleum Agency (ANP) will mark the end of an era of progress and profound changes in the country’s oil and gas sector, writes Fabio Palmigiani.
In three years under Oddone, the ANP has implemented a pragmatic business-friendly agenda that has helped Brazil restore its status as a hotspot for international oil companies.
With ample experience of working for state-controlled Petobras and in the private sector, Oddone set the course for a competitive market, shunning heavy-handed interventionism.
Among his achievements was the implementation of a long-term licensing calendar, striking the right balance with new rules to govern the thorny issue of local content requirements and actions to stimulate onshore and mature field production.
Oddone’s exit, almost one year before the end of his term, may worry industry insiders, some of whom question whether Brazil’s President Jair Bolsonaro will resist a temptation to interfere when there are easy popularity points to be scored.
In replacing Oddone, Bolsonaro, a former army captain, might follow his penchant for appointments from the military ranks, as he did with Energy Minister Bento Albuquerque.
Conversely, Brazil could revert to the political appointments that can help legislation through Congress, but which also stir up memories of graft scandals.
If Brazil has learned any lessons from the Oddone era, it might be that people with a solid industry background and a healthy sense of public duty tend to make the best regulators.
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