(Rio de Janeiro, July 4, 2007). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA,
BCBA: APBR/APBRA], a Brazilian international energy company, announces that at about 4:00 p.m. today a fire broke out in the
gas compressor transformers room onboard Platform P- 50 in the Albacora Leste Field, Campos Basin, approximately 120 km off
the coast of the
state of Rio de Janeiro.
Oil and gas production was shut down and platform fire fighters immediately went into action, extinguishing the fire. There
were neither victims nor any oil spills into the sea. Partial production has already been resumed. Petrobras has already notified
the occurrence to the appropriate authorities (the Navy
and the ANP- the oil industry regulator).