Petrobras will play a central role in all new developments involving the large oil discovery off the Brazilian shore.
From Steve Gelsi, MarketWatch:
NEW YORK (MarketWatch) -- Petrobras on Monday filed a plan with Brazilian regulators to own 30% of wells proposed for the country's rich offshore oil reserves, according to the oil giant.
Brazilian President Luiz Inacio Lula da Silva announced a series of oil measures on Monday, proposals that must clear the country's legislative branch.
Petrobras plans to issue an undetermined number of shares to raise funds for its development of offshore reserves, but no further details are yet available, according to reports.
