Petrobras to Build US$2bn Fixed Platform for Mexilhao

Brazil's federal energy company Petrobras (NYSE: PBR) will invest US$2bn to build a fixed platform to produce natural gas at the Campos basin's Mexilhao field by 2009, local press reported.

Singapore-Brazilian shipyard joint venture Maua-Jurong will build the platform, O Globo news service reported. Petrobras has not confirmed the information and Maua-Jurong officials could not be reached by BNamericas.

Petrobras officials already have announced the platform will be built in Rio de Janeiro and needs to be shipped to location off the coast of Sao Paulo state.

Mexilhao is at water depths of 172m and some 200km offshore.

Petrobras already has announced plans to invest US$18bn through 2015 to develop the basin.

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