firb, page-80

I don't worry about that PBR will pull out. It is a ridiculous discussion.

I have searched and saw what PBR was doing in Turkey. They have started to spend hundreds of millions of dollars, paying 1 million dollar per day for that ultra-deep water Norwegian rig even though there is not much chance of success and indentified big prospect like Artemis. There are no proven O&G fields around that area either. PBR is still very keen over there even though BP spent $150 for drilling in the same area and found nothing. But PBR will takeover the same area for drilling again. (I am originally from Turkey and I know that area very well).

Also PBR is known for its hard work and determination for finding the oil or gas. They drill and drill again. So they will takeover the area which BP told dry in Turkey. They found the oil after drilling more than 16 wells in Tupi fields in Brazil. That surprised the industry.