This excerpt taken from the PBR 20-F filed May 22, 2009.
Portugal. We hold a 50% interest in this consortium, and we signed four concession contracts in May 2007 in this Basin (Camarão, Amêijoa, Ostra and Mexilhão). We jointly invested approximately U.S.$22.0 million on the first exploration period in the Peniche Basin through 2008.
We have also expanded our operations by acquiring exploration rights in