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Brazil

Legal Framework for the Exploration and Production of Oil and Natural Gas in Brazil
  • 1988 – Article 176 Brazilian Constitution (ownership of hydrocarbons)
  • 1995 – Amendment of Article 177 (co-operation contracts allowed)
  • August 06, 1997 – Law No. 9,478 (the Petroleum Law)
  • August 02, 2010 – Law No. 12,304 (PrĂ©-Sal PetrĂ³leo/PPSA Law)
  • December 22, 2010 – Law No. 12,351 (the Pre-Salt Law)
  • April 11, 2014 – Resolution No. 21/2014 (Regulation of Hydraulic Fracturing in Unconventional Reservoirs)
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