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Posted on April 12, 2011
Petrobras sees strong flow in offshore Guara wellMon, Apr 11 2011UPDATE 1-PG&E seeks delay in Diablo Canyon nuclear renewalMon, Apr 11 2011Goldman seeks to buy 100 percent of Australia-NZ joint ventureThu, Apr 7 2011Richard Branson unveils deep-sea submarine plansWed, Apr 6 2011RPT-Brazil oil agency to regulate ethanol-reportWed, Apr 6 2011 Analysis & Opinion Washington Extra Mistakes were made Republican Pawlenty hoping he got his money man for 2012 Related Topics Stocks » Global Markets » Energy » Stocks
RIO DE JANEIRO, April 11 | Mon Apr 11, 2011 7:32pm EDT
RIO DE JANEIRO, April 11 (Reuters) – Brazilian state oil company Petrobras (PETR4.SA) said on Monday seismic exploration off the coast of New Zealand was halted by environmental protesters.
The firm said in an emailed statement that protesters jumped into the water on Sunday and blocked movement of the exploration vessel.
“The company follows strict operational procedures and it cannot safely continue the study,” Petrobras said, adding it has until May of 2012 to complete the seismic study and interpret the data.
The company in 2010 received a permit to undertake seismic surveys in a block off the east coast of New Zealand’s North Island and drill an exploration well worth around $118 million over the life of the permit. (Reporting by Denise Luna, writing by Brian Ellsworth; Editing by Gary Hill)