Start-up of Platform P-58 in Parque das Baleias

Rio de Janeiro, March 18^th, 2014 – Petróleo Brasileiro S.A. – Petrobras announces that the production platform P-58 started-up operation this Monday (03/17/14) in the complex known as Parque das Baleias, off the coast of Espírito Santo state in Campos Basin, in line with the company’s 2014-2018 Business and Management Plan, through the well 7-BFR-7-ESS, a pre-salt reservoir producer, with an excellent productivity, as expected.

P-58 is part of the North project of Parque das Baleias, which encompasses production from Baleia Franca, Cachalote, Jubarte, Baleia Azul and Baleia Anã fields.

P-58 is installed at approximately 85 km off the Espírito Santo coast, at a water depth of 1,400 meters. In the upcoming months, 15 production wells, eight pre-salt and seven post-salt, as well as nine injection wells will be interconnected to it through 250 km of flexible pipelines and two subsea manifolds (equipment that transfers oil from wells to the platform).

The FPSO (Floating, Production, Storage and Offloading) type vessel has a daily processing capacity of 180,000 barrels of oil and 6,000,000 cubic meters of natural gas.

Shuttle tankers will be responsible for exporting oil from the platform and a gas pipeline will transport natural gas to the Cacimbas Gas Treatment Unit in the municipality of Linhares, in Espírito Santo state.

The construction work created some 4,500 direct jobs, 13,500 indirect jobs and reached a local content of 64%.

The construction of the platform’s oil processing and gas compression modules took place in Rio de Janeiro. These modules were then taken to the Honório Bicalho shipyard in the city of Rio Grande – RS, where the construction of the electrical panels and main power generating modules occurred. Besides integrating all modules on the platform’s hull.

Also according to Petrobras’ 2014-2018 Business and Management Plan, three new platforms will start-up operation in the second quarter of 2014. At Roncador, in Campos Basin, the platform P-62 will develop the field together with the platforms P-52, P-54 and P-55. P-55 started-up production in December 2013.

At the Papa Terra field, the platform P-61 and a support drilling well semisubmersible platform SS-88 TAD (Tender Assisted Drilling) will come into operation. These units will develop the production of Papa-Terra together with platform P-63, which started-up production in November, 2013.

Technical Specifications for P-58:

Oil processing capacity: 180,000 barrels per day;

Gas treatment and compression capacity: 6,000,000 m³ per day;

Local Content: 64%;

Water injection treatment capacity: 58,000 m³ per day

Electric generation capacity: 100 MW;

Water depth: 1,400 m;

Accommodation: 110 people;

Total weight of the platform: 63,300 tons.

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