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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: elmatador who wrote (54390)	9/2/2009 1:35:36 PM
From: carranza2	1 Recommendation Read Replies (1) of 217580

The WSJ is blowing smoke up PBras skirts. There is only one deepwater Gulf of Mexico project - One!- in which Petrobras is the lead operator. It is, with this one exception, a passive strawed-off minority partner with no operational responsibility. And it has contracted just about everything it does to non-Brasilians, mostly Anglos and Norsks. There is no way that the supermajors will partner up with PBras as the lead operator in the GOM, except perhaps in the easiest, least complex projects. No experience, lots of politics, wayo, etc. why deal with it? Talk to me about this when the Offshore Techonology Conference is scheduled for Brazil, not Texas. otcnet.org The Offshore Technology Conference is the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection

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