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This excerpt taken from the PBR 6-K filed May 9, 2006. FPSO Capixaba begins pre-operational activities in the Golfinho field (Rio de Janeiro, May 8, 2006). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that pre-operational activities began at FPSO Capixaba in the Golfinho field in the Espírito Santo Basin. The FPSO Capixaba is a floating, oil production, storage and offloading facility with a total daily production capacity of 100,000 barrels of oil and 3.5 million cubic meters of gas. During the pre-operational phase, which is expected to last between 5 and 7 days, it is estimated that the platform will produce up to 15,000 barrels/day of light 40º API grade oil. Following the pre-operational phase, the FPSO Capixaba will go into full operation with production from the field contributing not only to the maintenance of Brazilian self-sufficiency in oil, but also increasing the share of light oil – with a higher commercial value – in the Company’s portfolio. Output is expected to reach full capacity before the end of 2006. http: //www.petrobras.com.br/ri/english Contacts: Petróleo Brasileiro S.A – PETROBRAS  This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”,
“project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information presented herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 8, 2006
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. | ||||||||