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This excerpt taken from the PBR 6-K filed Aug 18, 2009. Page 130
The international unit lifting cost increased due to higher third-party service costs in Argentina, higher prices and the start-up of production in Nigeria, where costs are lower than the average in the Companys international segment.
The quarter-over-quarter increase was due to higher material and third-party service costs in Argentina and the higher number of well interventions, partially offset by higher output. |
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