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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 region’s 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
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