Exploration activity in Brazil
We have interests in eight exploration licences in four different basins in offshore waters in Brazil. We are the operator of four of the licences.
We have one commitment well in BM-CAL-10, one in BM-CAL-7, two commitment wells in BM-C-33 and one commitment well in licence BM-C-47 from the 9th Bid Round, awarded in March 2008.
A 30% interest in blocks S-M-1105 and 1109 and the operatorship and a 40% interest in block S-M-1233 in the 8th Bid Round are still pending award by the government.
One exploration well spudded in 2008 in block BM-J-3 was completed in 2009. Petrobras is operator, and our share is 40%.