Oct. 22 (Bloomberg) -- Petroleo Brasileiro SA, Brazil's state-controlled oil company, may extend investments in the pre- salt oil area over a longer period of time because of the financial crisis, Folha de Sao Paulo reported, citing Chief Executive Officer Jose Sergio Gabrielli.

Investments planned for between 2009 and 2013 may now be extended to a date closer to 2020, Gabrielli said, the Brazilian newspaper reported today.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net.

Last Updated: October 22, 2008 06:01 EDT