Pursuant to Rule 13a-16 or 15d-16 of the
20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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.
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This report on Form 6-K is incorporated by reference in the Registration
Statement on Form F-3 of Petróleo Brasileiro -- Petrobras (No. 333-163665).
Petrobras has signed up a contract for the implementation of Premium I and Premium II Refineries
Rio de Janeiro, November 5, 2010 – Petróleo Brasileiro S.A. - Petrobras has signed up with the American company UOP LLC (UOP), which is a traditional technology supplier in oil refine field, a deal for basic project supply and pre-detailing of Premium I Refinery to be built on Maranhão state and also Premium II Refinery to be built on Ceará state.
These projects feature 2 refining trains for Premium I and 1 refining train for Premium II, each with a processing capacity of 300,000 barrels/day of national oil. As the refine trains will be alike, the project and installation costs will be reduced. Moreover, the project execution deadlines will be shortened as well.
UOP was selected among other international players from a competition which the main selection criteria was the economic return of the refineries, considering the installation and operation costs and also the revenue resulting from the refineries’ production.
The main points developed by the proponent were CAPEX optimization, maximization of middle distillates and improved energy efficiency, with excellent results in all these dimensions. The projects will also have as main assumption the compliance with health, safety and environment rules.
Petrobras has established that the projects may follow the international standards and rules, following the legal Brazilian standards as well. Despite the fact that it is under UOP’s responsibilities, the pre-detailing projects (FEED – Front End Engineering Design) are going to be executed by Brazilian engineering companies, ensuring that national workforce is applied.
This model of centralized project focusing on one company alone will assure the integration of multiple technologies and processes that involves a refinery with high quality, reduced time for implementation and total costs.
www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República 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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PETRÓLEO BRASILEIRO S.A--PETROBRAS | ||
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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This press release 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 are not based on historical facts and are not assurances of future results. These forward-looking statements are based on management's current view and estimates of future 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 o f 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.
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