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PBR » Topics » a) Projects financings in progress

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

a) Projects financings in progress

        Main    Investment    Current 
Project    Purpose    guarantees    amount    phase 
 
Barracuda and Caratinga   
To allow development of production in the fields of Barracuda and Caratinga in the Campos Basin. The SPE Barracuda and Caratinga Leasing Company B.V. (BCLC), is in charge of building all of the assets (wells, submarine equipment and production units) required by the project, and is also the owner of them.
  Guarantee provided by Brasoil to cover ;BCLC’s financial requirements.   US$ 3,1 billion.  
In operation, with constitution of assets of final stages.
 
Marlim   
Consortium with Companhia Petrolífera Marlim (CPM), which furnishes to Petrobras submarine equipment for oil production of the Marlim field.
  70% of the field production limited to 720 days.   US$ 1,5 billion.   In operation.
 
NovaMarlim   
Consortium with NovaMarlim Petróleo S.A. (NovaMarlim) which furnishes submarine oil production equipment and refunds by way of advancement already made to Petrobras operating costs arising from operating and maintaining the field assets.
   30% of the field production limited to 720 days.   US$ 834 million.   In operation.
 
CLEP   
Companhia Locadora de Equipamentos  Petrolíferos – CLEP, furnishes Petrobras assets related to oil production located in the Campos Basin through a lease agreement for the period of 10 years, and at the end of which period Petrobras will have the right to buy shares of the SPE or project assets. 
   Lease prepayments in case revenue is not sufficient to cover payables to the lenders.   US$ 1,25 billion.   In operation.
 

This excerpt taken from the PBR 6-K filed Jun 8, 2007.

i) Projects financings in progress

        Main    Investment    Current 
Project    Purpose    guarantees       amount    phase 
 
Barracuda and Caratinga    To allow development ofproduction in the fields of Barracuda and Caratinga in the Campos Basin. The SPE Barracuda and Caratinga Leasing Company B.V. (BCLC), is in charge of building all of the assets (wells, submarine equipment and production units) required by the project, and is also the owner of them.    Guarantee provided byBrasoil to cover BCLC’s financial requirements.    US$ 3,1 billion.    In operation, with constitution of assets of final stages. 
 
Marlim    Consortium between Companhia Petrolífera Marlim (CPM), which furnishes to Petrobras submarine equipment for oil production of the Marlim field.    70% of the field production limited to 720 days.    US$ 1,5 billion.    In operation. 
 
NovaMarlim    Consortium with NovaMarlim Petróleo S.A. (NovaMarlim) which furnishes submarine oil production equipment and refunds by way of advancement already made to Petrobras operating costs arising from operating and maintaining the field assets.    30% of the field production limited to 720 days.    US$ 834 million.    In operation. 
 
CLEP    Companhia Locadora de Equipamentos   Petrolíferos –CLEP, furnishes Petrobras assets related to oil production located in the Campos Basin through a lease agreement for the period of 10 years, and at the end of which period Petrobras will have the right to buy shares of the SPE or project assets.    Lease prepayments in case revenue is not sufficient to cover payables to the lenders.    US$ 1,25 billion.    In operation. 
 

EXCERPTS ON THIS PAGE:

6-K
Aug 21, 2007
6-K
Jun 8, 2007

RELATED TOPICS for PBR:

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