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Frade Japa o Petroleo

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Frade Japao Petroleo Limitada (FJPL), a joint venture established by INPEX and Sojitz Corporation, acquired a 12.75% working interest in the Frade Block in Brazilís offshore Northern Campos basin in July 1999, and acquired an additional 2.25% in July 2001. As a result of the change in interest ownership due to arrangements determined under contract, FJPLís working interest amounted to 18.3% in June 2006.

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