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PBR » Topics » i) Structured Projects

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

i) Structured Projects

        Main   Investment    Current 
Project    Purpose    guarantees    amount    phase 
 
Albacora    Consortium between PETROBRÁS and    Pledge of assets    US$ 170    In operation 
    Albacora Japão Petróleo Ltda. (AJPL),        million     
    which provides to PETROBRÁS oil             
    production assets of the Albacora field in             
    the Campos Basin.             
 
 
Albacora/    Consortium between PETROBRAS and    Pledge of assets    US$ 240    In operation 
Petros    Fundação PETROS de Seguridade Social,        million     
    which provides to PETROBRAS oil             
    production assets of the Albacora field in             
    the Campos Basin.             
 
 
Marlim    Consortium with Companhia Petrolífera    70% of the field    US$ 1,5    In operation 
    Marlim (CPM), which provides to    production limited to    billion     
    PETROBRAS submarine equipment for oil    720 days         
    production of the Marlim field.             
 
 
Novamarlim    Consortium with Novamarlim Petróleo S.A.    30% of the field    US$ 834    In operation 
    (Novamarlim) which supplies submarine oil    production limited to    million     
    production equipment and refunds    720 days         
    PETROBRAS for operating costs resulting             
    from the operation and maintenance of field             
    assets.             
 
 
Malhas    Consortium between TRANSPETRO,    Prepayments based    US$ 1 billion    The consortium 
    Transportadora Nordeste Sudeste (TNS),    on transportation        became 
    Nova Transportadora do Sudeste (NTS)   capacity to cover        operational on 
    and Nova Transportadora do Nordeste    any consortium cash        January 1, 2006. 
    (NTN). NTS and NTN supply assets related    insufficiencies        However, some 
    to natural gas transportation. TNS (a 100%            assets are still 
    GASPETRO company) supplies assets that            under 
    have already been previously set up.            construction 
    TRANSPETRO is the gas pipes operator.             
 
 
PCGC    Companhia de Recuperação Secundária    Additional lease    U$$ 85,5    In operation 
    (CRSec) supplies assets to be used by    payment if revenue    million     
    PETROBRAS in the fields Pargo,    is not sufficient to         
    Carapeba, Garoupa, Cherne and other    cover payables to         
    through a lease agreement with monthly    lenders         
    payments.             
 
 
PDET    PDET Offshore S.A. is the future owner of    All of the project’s    US$ 1,27    Assets being 
    the Project assets whose objective is that of    assets will be    billion    acquired 
    improving the infrastructure to transfer oil    pledged as collateral         
    produced in the Campos Basin to the oil             
    refineries in the Southeast Region and             
    export. The assets will be later leased to             
    PETROBRAS for 12 years.             
 

This excerpt taken from the PBR 6-K filed Aug 25, 2006.

8) STRUCTURED PROJECTS

The Company develops projects with domestic and international finance agencies and companies in the oil and energy sector to establish operational partnerships for the purpose of making viable investments necessary in the business areas where PETROBRAS operates.

Pursuant to CVM 408 dated August 18, 2004, the Consolidated Financial Statements include the Specific Purpose Entities – SPEs, when the nature of their relations with PETROBRAS indicates that these entities’ activities are directly or indirectly controlled individually or jointly by the Company.

20

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

8) Structured projects

The Company develops projects with domestic and international finance agencies and companies in the oil and energy sector to establish operational partnerships for the purpose of making viable investments necessary in the business areas where PETROBRAS operates.

EXCERPTS ON THIS PAGE:

6-K
Nov 17, 2006
6-K
Aug 25, 2006
6-K
Jun 26, 2006

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