This excerpt taken from the PBR 6-K filed Dec 1, 2008.
Platform P-53 kicks-off production
(Rio de Janeiro, December 1, 2008). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company announces that platform P-53 kicked-off its operations yesterday, November 30. This is the first production unit installed in the Marlim Leste field, in the Campos Basin.
The P-53 unit has total production capacity of 180,000 barrels per day of heavy oil, 20° API, and compressing capacity up to 6 million cubic meters/day of natural gas. The platforms oil production will be offloaded to shore by shuttle tankers with the assistance of Autonomous Repumping Platform PRA-1 and the FSO Cidade de Macaé. Part of the gas that is produced will be consumed by the platform itself as fuel to generate electricity, and the remaining will be exported to shore via the Campos Basins gas network. The platform will reach peak production in the first half of 2010.
The P-53 is anchored at a water depth of 1,080 m, 120 km off the coast of Rio de Janeiro. Built from the conversion of the Setebello oil tanker, it will be interconnected to 21 wells, 13 of which oil and gas producers and eight water injectors. The platform is equipped with a turret system (a tower that receives the flexible production and injection lines, the oil and gas pipelines, and the mooring lines) capable of receiving up to 75 flexible lines.
In addition to the P-53, in the next six months four more production units will start-up production in the Campos, Espírito Santo, and Santos basins, contributing to increase Petrobras oil and gas production:
This document may contain forecasts that merely reflect the expectations of the Companys 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.
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: December 01, 2008
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