This excerpt taken from the PBR 6-K filed Mar 31, 2009.
(*) Comprises the expenses already incurred by Petrobras on projects for which partners have not been specified.
11.3 Project financing obligations
a) PDET Project
PDET Offshore S.A. passed R$ 1.198.357 on to Petrobras as an advance for the future sale of assets and reimbursement of expenses incurred by Petrobras. In December 2007, Petrobras assigned a contract with Consórcio Norberto Odebrecht Engenharia S.A. (CNO) to PDET Offshore S.A in the total amount of R$ 998.024. This left Petrobras with the balance of R$ 200.333, classified under current liabilities as Project financing.
b) NovaMarlim Project
NovaMarlim Petróleo S.A. provided funding for the project, the balance of which, net of operating expenses already incurred by Petrobras is around R$ 2.102.579 (R$ 1.948.104 at December 31, 2007) and transferred assets of around R$ 49.465. At December 31, 2008, the liability balance was R$ 11.957 (R$ 166.431 at December 31, 2007) classified under current liabilities as Project financing.