http://www.reuters.com/article/idUSSP45822820090227Petrobras...

http://www.reuters.com/article/idUSSP45822820090227

Petrobras eyes gas opportunities in Australia, Indonesia
Fri Feb 27, 2009 2:04am EST

SINGAPORE, Feb 27 (Reuters) - Brazil's state-run energy giant Petrobras (PETR4.SA)(PBR.N) is seeking opportunities for natural gas in Northwest Australia and Indonesia, to expand its energy investments in Asia, a company official said on Friday.

Stocks | Brazil | Indonesia

"Asia can be considered a new frontier for Petrobras. Asia represents lots of opportunities for Petrobras because we need gas and there are gas in Southeast Asia," said Simone Totti Davidovich, Senior Adviser of E&P International Business Development of Petrobras.

"The countries we are focusing on are mainly Australia and Indonesia. Those are the most important countries, but we are not close to those countries," she told Reuters on the sidelines of a oil conference.

"We are talking to some companies and we have seen some blocks," she said but declined to specify the companies.

Petrobras has no oil and gas exploration deals so far in East Asia and Australia.

See the following for full report
http://www.reuters.com/article/idUSSP45822820090227