Petrobras takes further acreage offshore Portugal

Petrobras International Braspetro has signed an agreement with the Portuguese government to explore for hydrocarbons in deep waters offshore Portugal.

Offshore staff

RIO DE JANEIRO -- Petrobras International Braspetro has signed an agreement with the Portuguese government to explore for hydrocarbons in deep waters offshore Portugal.


Under the agreement, Petrobras will have 50% operated stakes in the Gamba, Lavagante, and Santola Blocks in the Alentejo basin. The concessions cover an area of around 9,000 sq km (3,475 sq mi), in water depths ranging from 200-3,000 m (656-9,842 ft).


They are in addition to four other blocks which Petrobras already operates off Portugal in the Peniche Basin, in partnership with Galp and Partex.

05/06/2010

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