Petrobras – Investor Relations

Petrobras

Investor Relations

Launching of Platform P-52

(Rio de Janeiro, June 14, 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 the launching ceremony of platform P-52 took place today at the Brasfels shipyard in Angra dos Reis (state of Rio de Janeiro).

Operating at its maximum capacity, the unit of the semi-submersible type is able to process 180 thousand barrels of oil and compress 7.5 million m3 of natural gas. There is also a 1.8 million cubic meter compressor on standby to guarantee continuous gas flow.

Platform P-52 is a component part of Phase 2 of the Roncador Field Module 1 development program in the Campos Basin and is to be anchored in a water depth of 1,800 meters and interlinked to 29 wells (18 producing and 11 water injection wells). The off-take of oil and natural gas will be made through submarine lines.

Once work is completed, platform P-52 will undergo a phase of testing and adjustments before being towed into position in the Campos Basin for anchoring and well interconnection. Start-up up of operations in the Roncador Field is scheduled for September of this year.

The main construction contract for P-52 was signed in December 2003 The work commenced in May 2004, and the Platform hull arrived in Brazil in March 2006, to be integrated to the modules as of July 2006. The total construction period was 26 months.

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