Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
(Rio de Janeiro, May 12, 2003). PETROLEO BRASILEIRO S.A Petrobras, (BOVESPA: PETR3 / PETR4, NYSE: PBR / PBRA, LATIBEX: XPBR / XPBRA), Brazils largest oil and gas, petrochemicals and energy company, announces that today, May 12, 2003, the first phase in the construction of the hull/topsides/ integration of platforms P-51 and P-52 was begun with the delivery of the technical and commercial proposals.
The following companies delivered
proposals:
- Dragados/Andrade Gutierrez/Camargo Correa/Techint/Promon;
- Fels/Setal/Technip;
- Odebrecht/Saipem;
- Aker/Kvaerner;
- Samsung; and
- Marítima, based on a
court order, still sub-judice.
Given the large amount of documentation, up to 6:30 p.m., the process of receiving the proposals of the first three names on the above list had been concluded. Tomorrow, May 13, 2003, as from 10:00 a.m., the work on receiving the remaining proposals will proceed.
The Company has already received the proposals for the two units electric power and gas compression facilities on April 7 and 24, 2003, respectively. These are now being analyzed from the technical point of view, the opening of the respective commercial proposals of the three tender bids being expected to take place in June.
This document may contain forecasts 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 forecasts. 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.
PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
By: |
/S/ José Sergio Gabrielli de Azevedo
| |
José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
|
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.