Petrobras buys into Australia

Petrobras Internacional Braspetro - PIB BV has acquired 50% interest in permit WA-360-P offshore Australia in the North Carnarvon basin for $39 million.

Offshore staff

RIO DE JANEIRO -- Petrobras Internacional Braspetro - PIB BV has acquired 50% interest in permit WA-360-P offshore Australia in the North Carnarvon basin for $39 million. The 50% interest is from MEO Australia Ltd. and with water depth of 500 m (1,640 ft).

The farm-in, subject to Australian approval, requires Petrobras to drill an exploration well, Artemis-1 in the second half of 2010.

04/14/2010

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