Petrobras (PBR)

Production retaken at Platform P-50

Rio de Janeiro, July 9 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 production at Platform P-50 has been back at full capacity since the afternoon of Saturday, July 7, reaching the level of 160,000 barrels/day previous to the fire that took place on July 4. The fire caused no victims or oil leaks to the sea.

Full production was retaken after the transformer room cleaning operation was wrapped-up and after all other platform systems were checked and determined as fully operational.

Located in the Albacora Leste Field, in the Campos Basin, at nearly 120 km off the Rio de Janeiro coast, the P-50 is capable of producing up to 180,000 barrels of oil equivalent per day.

www.petrobras.com.br/ri
Para mais informações: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores I Raul Adalberto de Campos - Gerente Executivo I E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 - 2202 - B - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947 I 0800-282-1540

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