RIO DE JANEIRO, Aug. 31 (Xinhua) -- Brazil announced
on Monday new oil exploration rules to increase state control over its recently
discovered offshore oil reserves.
Under the plan, the state-owned oil and gas giant
Petrobras will be the sole operator of the new oil reserves. It will also have a
minimum 30-percent stake in all future projects in the pre-salt layer fields.
The regulations also foresee the creation of a new
state-owned company called Petrosal to manage most of the exploration and
production in the oil fields.
The government said the new oil rules will not affect
the pre-salt blocks already being explored or those which are undergoing public
biddings.
The new regulations have yet to be approved by the
Brazilian Senate and the House of Representatives. However, Petrobras has
announced it will get a capital boost of 50 billion U.S. dollars to cope with
future oil exploration.
Petrobras has announced a series of discoveries of
oil and gas deposits in the pre-salt layers located below a 2,000-meter-thick
layer of salt off the Brazilian coast since late 2007, when the company made
public the find of the first big field, Tupi.
The offshore reserves are estimated to contain
between 14 billion and 50 billion barrels of oil.