Since 2006, Brazil has been committed to energy self-sufficiency and with the discovery of vast oil fields over the last decade, the country has emerged as a major player in the world’s energy markets.
Petrobras, the largest company in the Southern Hemisphere by market capitalization, is in prime position to explore Brazil’s vast reserves and is quickly building oil platforms to tap these resources. These new state-of-the-art platforms are multi-year, multi-billion-dollar projects that are speeding into operation, but some investors are weary that these moves may not create sufficient economic return. One major investor, hedge fund manager Jim Chanos, tells CNBC that he is shorting Petrobras for this reason.
What does it look like from inside these innovative oil platforms? Click ahead for a tour of the newest Petrobras platform under construction, P-56.
Posted April 25 2011
Watch our special coverage, "Access Brazil," Monday-Thursday, April 25-28. Maria Bartiromo and Michelle Caruso-Cabrera report from Brazil on Squawk On The Street, 9-11am ET, Power Lunch, 1-2pm ET and Closing Bell, 3-5pm ET on CNBC.