This excerpt taken from the PBR 6-K filed Aug 18, 2009.
Project / Estimated
Marlim US$ 1.5 billion
Consortium with Companhia Petrolífera Marlim (CPM), which provides Petrobras with the submarine equipment for petroleum production in the Marlim field.
70% of the production of the field limited to 720 days.
Operating. 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 process for the delisting of shares of MarlimPar and CPM is in progress.
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