Data - Attractiveness of Upstream in Brazil

This study provides an overview of 25 Upstream attributes of the Brazilian oil and natural gas sector and of the country itself, identifying from the industry stakeholders’ perspective the strengths and weaknesses that were aggregated with the support of SPSS (Statistical Package for the Social Sciences) in four factorials: Trade, Regulatory, Prospectivity and Business Environment. The four field surveys which totalled 1,143 structured face-to-face interviews were conducted during the 2012, 2014, 2016 and 2018 editions of Rio Oil & Gas, the largest trade fair of the industry in Latin America. The methodology used - based on established international research, competitive determinants related to industry and market structures, and traditional variables to assess the attractiveness of the segment - seems to have been consistent with the intended objective to elucidate issues to statistically confirm current opinions and to bring original information. The conclusions indicate that the Brazilian Upstream, in the perception of the industry stakeholders, exerts considerable influence on the attraction of investments, although it presents an unstable performance. The segment is attractive in attributes of natural endowments, such as geological potentiality, and issues related to knowledge and innovation, such as university infrastructure and R&D requirements. On the other hand, poor results from trade issues, certain regulatory variables and the business environment highlight structural and bureaucratic hurdles that undermine Brazil's ability to attract more investments. In an overall balance of all variables, the attractiveness conditions declined between 2012 and 2016 and have rebounded recently.

本研究概述了巴西石油与天然气行业上游（Upstream）领域及巴西本国的25项属性，并从行业利益相关者视角，梳理了借助SPSS（社会科学统计软件包，Statistical Package for the Social Sciences）开展因子分析后归纳出的四大因子维度下的优势与劣势：贸易、监管、勘探潜力与营商环境。四项实地调研累计完成1143份结构化面对面访谈，调研于2012、2014、2016及2018届拉丁美洲规模最大的石油行业专业展会——里约石油与天然气展（Rio Oil & Gas）期间开展。本研究采用的方法论基于成熟的国际研究框架、与行业及市场结构相关的竞争决定因素，以及用于评估该细分领域吸引力的经典变量，其设计与预设研究目标高度契合——即阐明相关议题，以统计学方法验证既有观点，并提供原创性研究数据。研究结论显示，从行业利益相关者的视角来看，巴西石油上游领域虽表现存在不稳定性，但对投资吸引力具备显著影响。该细分领域在自然禀赋维度具备吸引力，例如地质勘探潜力；在知识与创新相关议题层面同样表现突出，如高校科研基础设施与研发需求。但另一方面，贸易维度、部分监管变量及营商环境的表现欠佳，凸显出结构性与官僚主义壁垒，削弱了巴西吸引更多投资的能力。综合所有变量进行整体评估后可见，该领域的吸引力水平在2012年至2016年间有所下滑，近年已出现回升态势。