Petrobras acquires exploration block offshore New Zealand

Offshore staff

RIO DE JANEIRO -- Petrobras International Braspetro (PIB BV) has acquired a 100% interest in block 2 in the Raukumara Basin, offshore New Zealand.

On June 1, the New Zealand government formalized the agreement, and granted the company an exploration permit for the block.

Petrobras’s minimum work programisdivided into three stages:

Stage 1 - 3,000 km ( mi) of 2D seismic acquisition
Stage 2 - 800 km ( mi) of 3D seismic acquisition
Stage 3 - drilling of one exploratory well.

06/02/2010