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To: LoneClone who wrote (97511)3/3/2008 7:47:22 AM
From: elmatador  Read Replies (1) | Respond to of 206214
 
PBR to take 40% stake in a deep-water block owned by state-run Indian explorer Oil and Natural Gas Corp's.

...

The two firms had signed an initial pact last year, under which ONGC offered Petrobras stakes of 15-40 percent in three deep-water blocks and Petrobras offered stakes of 25-30 percent in three exploration blocks in Brazil.



To: LoneClone who wrote (97511)3/3/2008 11:42:04 AM
From: calgarydude  Respond to of 206214
 
Agreed. Thanks for the clarification.