Petrobras to Start P-52 Ops Early 2007, On Schedule

Brazil's federal energy company Petrobras (NYSE: PBR) has plans to start operations of its US$895mn, P-52 semi-submersible platform in early 2007, the company said in a statement.

Petrobras hired Brazilian shipyard Brasfels to build the topside. Singaporean shipbuilders Keppel Fels built the hull, which arrived in Brazil in March. The connection of the two units, a complex maneuver known as deck mating carried out for the first time in Brazil, was completed on June 10-11.

Brasfels will continue to work on the platform in coming months.

The P-52 will produce oil from the deepwater Roncador field in the Campos basin. It will have capacity to produce 180,000 barrels of oil and compress 9.3 million cubic meters of natural gas a day.

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