petrobras, page-19

and this [the English is a little cracked but you get the drift....]:

» Activities

Exploration & Production

Petrobras, with its international recognition and proprietary technology for ultradeep waters, is producing oil at competitive prices in offshore fields at increasingly greater depths, attracting interest from oil companies from the world over with which it is signing cooperation agreements to explore and produce in its reserves in the huge Brazilian submarine platform. Opening the exploration & production area to international partners has generated, in turn, E&P opportunities in other parts of the world, especially where Petrobras' know how can contribute to business implementation.

The area's current objective is to grow production and the oil and gas reserves, in a sustainable manner, and be acknowledged for its excellence in E&P. It also seeks to expand operation areas that have major exploration & production potential and where operating, technical, and technological qualifications represent a competitive differential. Finally, the area also wants to adopt methods and new technologies in sectors where there is a high degree of explotation in order to optimize the recovery factor.