expansion of activities abroad

In 2008, Petrobras expanded its international activities. The company signed an agreement for the acquisition of ExxonMobil’s distribution assets in Chile, for around US $ 400 million, and retained its strategy of expansion in the Gulf of Mexico, acquiring 23 new exploration blocks at auction, for a total of US $ 179 million.

The company entered into an agreement with Cupet, the Cuban state oil company, for cooperation in the exploration & production, lubricants and refining segments and in the fields of research & development and human resources.

A partnership was also established with the American company Oil Shale Exploration Company (Osec) and the Japanese company Mitsui, to study the possibility of extracting oil from oil-bearing bituminous rock in the American state of Utah, using the Petrosix® technology, patented by Petrobras.

Contracts were signed in 2008, by Petrobras, Mitsui and Transocean, for the structuring of the Petrobras 10,000 Drilling Ship project. This vessel, which is under construction at the Samsung shipyard, is now in the testing phase. The negotiations between Petrobras, Mitsubishi and Schahin were also concluded, regarding the Petrobras II 10,000 Drilling Ship project, which is in the construction and assembly phase at the same shipyard.