PBR » Topics » c) Finished project with the exercise of the purchase option
This excerpt taken from the PBR 6-K filed Nov 19, 2009.
c)Finished project with the exercise of the purchase option
Consortium with Companhia Petrolífera Marlim (CPM), which provides Petrobras with the submarine equipment for petroleum production in the Marlim field. On April 30, 2009, Petrobras exercised its option for purchase of the shares of MarlimPar (holding company of CPM) and replaced board members and officers. The delisting of shares of MarlimPar and CPM has been concluded.
70% of the production of the field limited to 720 days.
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