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The environmental licensing of oil and gas companies has been gaining allies thanks to the Technical Cooperation Agreement (Acordo de Cooperação Técnica - ACT) between the Brazilian Oil, Gas and Biofuels Institute (Instituto Brasileiro de Petróleo, Gás e Biocombustíveis - IBP) and the Brazilian Institute of Environment and Renewable Natural Resources (Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis - IBAMA). As a result, new legal instruments will be created and existing ones will be improved. PetroRio plays a leading role in regard to certain priority issues, as presented below:
Campos Basin Environmental