Exploration and Production of Oil and Natural Gas in Marginal Fields
Journal Title: Journal of Social Economics - Year 2014, Vol 2, Issue 2
Abstract
The objective of this article is to analyze the economic and social impact of oil and gas (O&G) exploration and production (E&P) activities at Alagoinhas (Bahia – Brazil) and Vera Cruz (Bahia – Brazil), where the marginal fields of Bom Lugar and Morro do Barro are located. After initial exploration by Petrobras in the 1990s, these fields were returned to ANP at the Round Zero, and were bided in 2006, during the 7th Round. The production resumption took place only in 2008. Due to the increased hydrocarbons output in both fields, a change in economic conditions of the region happened. Indicators such as the Gross Domestic Product - Added Value (PIBVA) increased; municipalities’ tax revenues were boosted due to O&G royalties. E&P activities stimulated the presence of direct and indirect services providers to the petroleum sector. This scenario made a positive change in the number of people employed, fostering local income and savings possibly. However, investment in social infrastructure is still weak, as health facilities and the number of schools showed no such significant growth.
Authors and Affiliations
Raíssa Fernandes Yabiko, Jéssica Matar Antunes , Rosemarie Bröker Bone
Keywords
Related Articles
- EP ID EP28659
- DOI -
- Views 261
- Downloads 7
Factors Influencing Non Ghanaian Consumers in Choosing Products Made In Ghana: Empirical Studies from Non Ghanaian Residents in the Kumasi Metropolis of Ghana
The objective behind the conduct of this research has been to discover factors capable of influencing nonGhanaian residents in Kumasi metropolis towards the purchase of products made in Ghana. The research interest was...
Five Thousand Years of Statistics: An Historical Overview from the Origins to the Twentieth Century
The origin of Statistics can be found in ancient times, even though the origin of modern Statistics as an independent science dates to the XVII century. Its rise and evolution are not very different from other sciences...
Impact of Job Stress between Teachers and Bankers
The basic purpose of this study is to examine the effect of job stress on bankers and teachers through different variables (job demand, employee satisfaction, emotional intelligence, work life balance). This research i...
Participation of Market Women in Grass Roots Governance in Nigeria
In every democratic society, citizens should participate in political activities, regardless of age, status, gender, occupation, education or ethnic group. However literature shows that women have arguably been margina...
The Effect of Money Attitude on Money Perception on Size, Number, and Weight
The current study primarily investigated the effect of money attitude on money perception. We asked participants to estimate the size of paper money (Experiment 1), the number of money sheets (Experiment 2), and the we...