Fire Damages Petrobras' P-50 Platform

RIO DE JANEIRO Jul 05, 2007 (Dow Jones Newswires)

A fire damaged part of the P-50 oil platform of Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, the company said late Wednesday.

A fire broke out at about 4 p.m. local time (1900 GMT) in a room containing gas compression units, Petrobras said in a release. No one was hurt and no oil leaked into the sea.

Oil production was temporarily interrupted, but was already partially restarted Wednesday evening, the company said. The company didn't disclose what the amount of the damage was.

The fire was extinguished quickly, Petrobras said.

The P-50 has an output capacity of 180,000 barrels of oil and 6 million cubic meters of gas a day and produces from the Albacora Leste field in the Campos Basin off the coast of Rio de Janeiro.

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

The accident at the P-50 was the second fire at a Petrobras installation in less than a week. During the night from Friday to Saturday, a fire damaged a cooking gas production facility at a refinery near Rio de Janeiro.

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