OIL AND GAS
Petrobras gets its way and will start drilling off the Amazon coast
The ODN II rig was costing Petrobras BRL 4.2 million per day. Photo: AgP
Brazil’s environmental protection agency, Ibama, has granted Petrobras the long-awaited license to drill for oil off the coast of the Amazon River’s mouth — a decision that concludes years of bureaucratic and political disputes and sets off one of the most contentious energy projects in the country’s recent history.
The license authorizes Petrobras to…
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