Rio de Janeiro, January 2nd, 2014 – Petróleo Brasileiro S.A.

– Petrobras announces that the platform P-55, one of the strategic projects of the 2013-2017 Business and Management Plan, started-up the last Tuesday (12/31/13), in Campos Basin’s Roncador field.

P-55 is part of Roncador´s field Module 3 project and will be connected to 17 wells, 11 of which are oil and gas production and 6 water injection.

Oil and natural gas exportation from the platform will take place via submarine pipelines connected to the unit till the oil and gas offloading system of the Campos Basin.

P-55, a semi-submersible unit, installed at a water depth of 1,800 meters, is designed to process 180,000 barrels of oil per day, compress 6,000,000 m3 of natural gas per day and inject 290,000 barrels of water per day.

Weighing 52,000 tons and with an area of 10,000 m2, P-55 is the biggest semi-submersible platform ever built in Brazil and one of the biggest of its kind worldwide.

Construction work for P-55 is part of the Brazilian Federal Government’s Growth Acceleration Plan – PAC.

The construction and integration of the platform’s modules were carried out entirely in Brazil, which contributed to a local content rate of 79%.

Construction work generated 5,000 direct jobs as well as 15,000 indirect ones.

The new unit will operate along with platforms P-52 and P-54, already installed in Roncador field, and with platform P-62, whose left the Atlântico Sul Shipyard, in Ipojuca (Pernambuco state), on 12/30/13, and is moving toward its location at Module IV of the field. 

Technical Specifications for P-55:

Hull dimensions (length x width x height): 94 m x 94 m x 43 m;
Total Topside weight (deck/modules): 26,000 tons;
Local Content: 79%;
Oil production: 180,000 barrels per day;
Gas Compression: 6,000,000 m³ per day;
Water injection: 290,000 barrels per day.

Sincerely,  

Investor Relations. 

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