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PBR » Topics » 13.8 Participation in ANPs 9th Bidding Round for exploratory blocks

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

13.8 Participation in ANP’s 9th Bidding Round for exploratory blocks

In November 2007, Petrobras acquired twenty seven new exploratory blocks of the one hundred and seventeen included in the 9th Round of Bids conducted by the National Agency for Oil, Natural Gas and Biofuels - ANP.

Petrobras acquired exclusive rights for six blocks and a further twenty one blocks in a consortium with other companies, sixteen of which it will operate.

The bonuses offered by Petrobras and its partners amounted to R$ 308.983, being R$ 195.518 by the Company.

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