|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the PBR 6-K filed Sep 11, 2007. New discovered in Xerelete Field (Rio de Janeiro, September 10, 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 it has declared the oil field denominated XERELETE, located in the southern portion of the Campos Basin, in the State of Rio de Janeiro, commercial to the National Petroleum Agency (NPA). This new field is located partially in the old BC-2 and partially in the BM-C-14, some 155 km Southeast of the city of Cabo Frio and 42 km East of the Papa Terra field. Preliminary geological studies indicate the accumulation’s total area may reach more than 26 km², holding an estimated in-place volume of some 1.4 billion barrels of oil equivalent. Additional studies are being carried out to define this new field’s production development project. The Xerelete discoverer well, the 1-EPB-1-RJS, drilled at a water depth of 2,483 meters, reached sandy 17.5° API oil-bearing reservoirs at a depth of 3,478 meters. This accumulation’s productivity was confirmed via delimitation well 3-RJS-648 (3-BRSA-481-RJS), where flows of up to 2500 barrels of oil per day were registered. A new world water depth record (2,460 m) was set at this well with the use of the Submerged Submarine Centrifugal Pump. This accumulation was discovered in an area operated by PETROBRAS, in partnership with TOTAL and DEVON. www.petrobras.com.br/ri/english 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.
www.petrobras.com.br/ri/english 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: September 10, 2007
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. | ||||||||
