Petrobras (PBR)

Accident on Platform P-50

(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).

www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Investor Relations Department I Raul Adalberto de Campos - Gerente Executivo I E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 – 22^nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

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