Petrobras says Libra consortium to invest $400-$500 mln in 2014

Reuters

SAO PAULO, Jan 23 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Thursday in a market filing that the consortium it leads in the Libra oil field plans to invest $400 million to $500 million in 2014.

The company, known as Petrobras, said it plans to drill two wells in the area from the second half of this year through the first half of 2015.

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