This excerpt taken from the PBR 6-K filed Aug 19, 2005.
d) Accounts payable related with consortium in operation
At June 30, 2005 PETROBRAS presented consortium contracts in order to supplement the development of oil fields production, in connection with which the balance payable to the companies participating in the consortium totaled R$ 478.192 thousand (R$ 345.784 thousand, at march 31, 2005), classified as Structured Projects in current liabilities.
This excerpt taken from the PBR 6-K filed Mar 18, 2005.
(d) Accounts payable related with consortium in operation
As of December 31, 2004, PETROBRAS had consortium contracts for the purpose of supplementing the development of oil field production, and the related accounts payable to consortium partners, in the amount of R$ 175.502 (R$ 416.081 in 2003), were classified under current liabilities as project financings.