Output at Fire-Damaged Petrobras P-50 Rig Back to Normal

RIO DE JANEIRO Jul 09, 2007 (Dow Jones Newswires)

Production at an oil rig by run by Petrobras that was involved in a fire last week, went back to normal as of Saturday, a company press official said Monday.

A fire Wednesday had damaged part of Petrobras' P-50 oil platform that pumps from the Albacora Leste field in the Campos Basin off the coast of Rio de Janeiro.

The platform now is producing about 160,000 barrels of oil a day, the press official said. The company had briefly reduced output at the rig after the fire. The P-50 has a capacity to produce 180,000 barrels a day.

The fire last week damaged part of a room containing gas compression units, Petrobras said in a release. No one was hurt and no oil leaked into the sea.

Petrobras started production at the P-50 in 2005. The rig was key for Brazil to reach self-sufficiency in oil.

The accident at the P-50 was the second fire at Petrobras installations in less than a week. On June 30, a fire damaged a cooking gas production facility at a refinery near Rio de Janeiro.

Copyright (c) 2007 Dow Jones & Company, Inc.

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