🕐20.07.12 - 01:54 Uhr

PETROBRAS - PRESS RELEASE: EXECUTION OF CONTRACTS FOR THE PRE-SALT FPSOS



 

Dear Mr/Mrs Ramin Farzanehfar,

 

  
 
 
Rio de Janeiro, 19 July 2012 – Petrobras informs that, together with its partners BG Group, Petrogal Brasil, and Repsol Sinopec Brasil SA, and through its Tupi BV and Guará BV affiliates, has approved the signature of ten contracts, totaling US$4.5 billion, for the construction of the first six topside modules and integration packages of the eight Replicant FPSOs (floating, production, storage and offloading units) which are being constructed in Brazil for the pre-salt projects in blocks BM-S-9 and BM-S-11 in Santos Basin.  The contracts will be signed in the next few days.
 
The companies DM Construtora de Obras Ltda/TKK Engenharia Ltda, IESA Oleo e Gas S.A., Tome Engenharia S.A./Ferrostaal Industrieanlagen GmbH, Keppel FELS do Brasil S.A., Jurong do Brasil Prestação de Serviços Ltda and Mendes Jr Trading Engenharia S.A./OSX Construção Naval S.A were hired for this service.
 
The Replicant FPSOs are part of the first phase of the development agreed by the consortium in blocks BM-S-9 and BM-S-11.The two remaining topside modules and integration package contracts for the eight Replicants FPSOs are expected to be awarded within the next eighteen months with the same companies.
 
In parallel to this contract award, the BM-S-11 consortia a decided to start a tender process for at least one additional chartered FPSO, to be used in areas with different topside requirements from those adopted by the Replicant FPSOs.
 
The Block BM-S-11 consortium is operated by Petrobras (65%), in partnership with BG E&P Brasil Ltda (25%), and Petrogal Brasil (10%).

The Block BM-S-9 consortium is operated by Petrobras (45%), in partnership with BG E&P Brasil Ltda (30%), and Repsol Sinopec Brasil (25%).
  
 
 
Sincerely,

Investor Relations.
 

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www.petrobras.com.br/ir
Contacts: PETRÓLEO BRASILEIRO S.

A.

– PETROBRAS | Investor Relations Department
e-mail:
Av.

República do Chile, 65 – 10th floor, Room 1002 - 20031-912 - Rio de Janeiro, RJ
Phone: 55 (21) 3224-1510 / 3224-9947 | 0800-282-1540

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) 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 forward-looking statements.

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.

 




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