A consortium set up by Portugal's Galp Energia and Brazil's petrobras, announced it will bid for the exploration of one deep water bloc in the sea off East Timor.

由葡萄牙石油和天然气公司(Galp Energia)和巴西石油公司(petrobras)组成的联盟宣布，他们将投标勘探东帝汶的一个深水油井。

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Second, the government might be tempted to revisit existing contracts, which would be bad for confidence and disastrous for Petrobras and its partners (Britain's BG Group has a 25% stake in Tupi and Portugal's Galp Energia 10%).

ECONOMIST: Brazil