This excerpt taken from the PBR 20-F filed May 22, 2009.
Pakistan since February 2007, when we signed an agreement with Oil and Gas Development Company Limited (OGDCL) to explore offshore block G, in which we have a 50% interest. The offshore block is located in the Indus Basin and remains largely unexplored. We have committed to undertake geological and geophysical studies that will allow us to develop a full model of the regions oil system. We have the option to terminate our agreements before drilling any wells.
Other International Activities
Most of our international activities are focused on exploration and production. Our other international activities are summarized in the tables below and described in the text that follows.
We have integrated operations in Latin America, particularly in