[arvid]

Don't get your hopes up too much. Petrobras is a state run monopoly and has had a number of recent corruption scandals. Even though the price of oil has risen dramatically and Brazil continues to find more reserves, production has actually dropped the last few years. This is due to the fact that a platform sank a few years ago and 5 year's ago the government decided that all new platforms should be Brazilian-built. Of course they are also behind schedule with cost over-runs. These new fields are very deep and will require new technology and significant investments. Given the government's tendency to maintain political and economic control of natural resources, it is unlikely that much external investment or technology will participate in the exploration. The benefits from these new fields is many years away probably much later than 2012.