Petrobras: Brazil's offshore oil boom winner

Massive find could make Brazil one of the world's top five oil-producing nations in just the next few years Several miles off the coast of Rio de Janeiro, as much as $5 trillion in untapped crude oil is sitting under Brazil's pre-salt fields. Investment U's Jason Jenkins stated last December that this massive find could make Brazil one of the world's top five oil-producing nations in just the next few years. Dan Bartfeld, a well-known project finance partner at Milbank, Tweed, Hadley & McCloy, says, “Brazil will continue to provide a huge amount of opportunities for industry in 2012.” Energy firms from all over of the globe desperately want in on a piece of the action. Yet one oil and gas company – Anadarko Petroleum

Stock Forum) – is looking to cut ties entirely from the one million acres it owns in Brazil's pristine pre-salt fields. And it raises the question, why?