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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 |
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