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PBR » Topics » d) Accounts payable related with consortium in operation

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.

   
    Parent Company 
   
    R$ Thousand 
   
Projects / Companies    30.06.2005    31.03.2005 
 
Advances received         
Nova Marlim Petróleo S/A (Note 8c)   883.469    972.325 
Cia. Locadora de Equipamentos Petrolíferos (CLEP) (Note 8c)   3.415.786    3.415.786 
   
Total    4.299.255    4.388.111 
 
 
Accounts payable for consortium in operation         
 
Companhia Petrolífera Marlim (CPM)   170.443    170.441 
Nova Marlim Petróleo S/A    248.401    133.900 
Fundação Petrobras de Seguridade Social - PETROS    59.348    41.443 
   
Total    478.192    345.784 
   
Total general    4.777.447    4.733.895 
   

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.

  Consolidated  Parent company 
 
Project/Company 2004  2003  2004  2003 
Advances received
    Nova Marlim Petróleo
        S.A. (Note 8c) 1.061.181  1.454.403  1.061.181  1.454.403
    Malhas Sudeste/Nordeste Project    270.556     270.556
    Cia. Locadora de Equipamento
        Petrolífero - CLEP (Note 8c)       3.415.786  2.018.981
 
  1.061.181  1.724.959  4.476.967  3.743.940
Accounts payable for
    consortium in operation
    Companhia Petrolífera Marlim 110.274  322.041  110.274  322.041
    Nova Marlim Petróleo S.A.    39.782     39.782
    Albacora Japão Petróleo Ltda. 1.122     1.122    
    Fundação Petros de Seguridade
        Social 64.106  54.260  64.106  54.260
 
  175.502  416.083  175.502  416.083
 
 
  1.236.683  2.141.042  4.652.469  4.160.023
 

EXCERPTS ON THIS PAGE:

6-K
Aug 19, 2005
6-K
Mar 18, 2005

RELATED TOPICS for PBR:

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