Petrobras to Invest $300M

摘要

Brazilian giant Petrobras sees its investments in the Black Sea totaling $300 million over the next two years, its international director Jorge Zelada said. Petrobras agreed this year to drill two exploration wells with Turkish player TPAO in Turkey's sector of the Black Sea. "We are planning investments of $300 million in exploration activities in the Black Sea in 2009 and 2010. This is the cost of the two wells," Zelada told Reuters on the sidelines of a conference in Istanbul.