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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 platform’s 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 Basin’s 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:
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: December 01, 2008
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. | ||||||||
