This excerpt taken from the PBR 6-K filed Oct 25, 2007.
Preventive stoppage at Platform P-25
(Rio de Janeiro, October 24, 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 the platform P-25, installed in the Albacora field located in the Campos Basin, producing approximately 65 thousand barrels of oil/day (bpd), were halted on a preventive basis as from October 16 due to problems in the drill pipe riser ,a flexible duct that connects the platform to the sub-sea reservoirs. The operation should return to normal on October 29. The stoppage at P-25 will reduce daily production for October by about 25 thousand bpd.
Flexible ducts have substituted rigid pipes, the installation of which is difficult and a lengthy process, and have traditionally been used by the industry worldwide until now. This riser has the largest diameter in the Campos Basin and is at the cutting edge of technology for this kind of equipment. Petrobras uses a special monitoring system that has proven to be efficient in ensuring the risers operating safety. This system allowed the identification of a change in the ducts surface, a fact that determined the production stoppage at P-25.
Contacts: PETRÓLEO BRASILEIRO S. A. PETROBRAS
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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: October 24, 2007
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