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New partnership for the development of Comperj

 

 

 

Rio de Janeiro, April 28 2010 � Petr�leo Brasileiro S.A. - Petrobras announces that its wholly subsidiary Comperj Participa��es S.A. (Comperj Participa��es) and SMU Energia e Servi�os de Utilidades Ltda (SMU) executed today an agreement to form a new company, Companhia de Desenvolvimento de Plantas de Utilidades � CDPU, in view to analyze the implementation of the Utilities Plant project of Comperj.

 

Comperj Participa��es will hold 20% of CDPU interest and SMU the other 80%. SMU is a Brazilian company controlled by Sembcorp Utilities PTE Ltd (Singapore), through its wholly subsidiary Sembcorp Utilities (BVI) Pte Ltd; Mitsui & Co. Ltd. (Japan); and Utilitas Participa��es S.A. (Brazil).

 

The Utilities Plant project is part of the Petrochemical Complex of Rio de Janeiro (Comperj) and consists of units of electric energy supply, vapor supply, water and industrial effluents treatment and hydrogen supply. The Comperj is located in the state of Rio de Janeiro and the project also includes the construction of a refinery, first and second generation petrochemical units, and is expected to start up in the first semester of 2013.

 

In addition to the development of the Utilities Plant project, Comperj Participa��es also executed a bid process for the construction of the coke unit. The winner was the consortium formed by Techint and Andrade Gutierrez and the final amount of the contract was R$ 1,89 billion.

 

 

Sincerely,

 

 

 

Investors Relations

 

 


www.petrobras.com.br/ri/english
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. Rep�blica do Chile, 65 � 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947

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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