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Strategic patenting in the upstream oil and gas industry: Assessing the impact of the pre-salt discovery on patent applications in Brazil

Paper ID Volume ID Publish Year Pages File Format Full-Text
37879 45638 2014 11 PDF Available
Title
Strategic patenting in the upstream oil and gas industry: Assessing the impact of the pre-salt discovery on patent applications in Brazil
Abstract

•Analysis of patenting in Brazil in response to new discovery of gas and oil reserves.•Conclusion 1: Major increase in patenting in Brazil in this field from 2007.•Conclusion 2: 75% of the main companies involved are from the USA.•Conclusion 3: Some similarities and differences noted in the companies' strategies.•Conclusion 4: Similar but less pronounced patenting increase at the USPTO.

For most of its history, Brazil needed to import oil to complement its internal production to supply the internal demand. However, in 2007, the Brazilian Federal Government announced the discovery of huge hydrocarbon resources in the pre-salt layer of the country's Southeastern coast. This study examines the impact of this discovery accomplished by Petróleo Brasileiro S.A. (Petrobras) on patent applications in Brazil associated with upstream oil and gas technologies. Then, this article provides empirical evidence that the pre-salt discovery significantly affected patent strategizing of Multi-Nationals Companies (MNCs) operating in the upstream oil and gas industry, thereby generating a boom in patent filings in Brazil from the official pre-salt announcement onwards.

Keywords
Patent strategizing; Intellectual property; Oil industry; Pre-salt discovery; Brazil; Multinationals; Innovation
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Strategic patenting in the upstream oil and gas industry: Assessing the impact of the pre-salt discovery on patent applications in Brazil
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Publisher
Database: Elsevier - ScienceDirect
Journal: World Patent Information - Volume 39, December 2014, Pages 58–68
Authors
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Subjects
Physical Sciences and Engineering Chemical Engineering Bioengineering
Get Full-Text Now
Don't Miss Today's Special Offer
Price was $35.95
You save - $31
Price after discount Only $4.95
100% Money Back Guarantee
Full-text PDF Download
Online Support
Any Questions? feel free to contact us