Offshore staff

(Brazil)-Pre-operational activities have begun on theCapixaba FPSO in the Golfinho field in the Espírito Santo basin, according to Brazil's international energy company Petrobras.

During the pre-operational phase, which is expected to last between 5 and 7 days, theCapixaba will produce up to 15,000 b/d of 40º API grade oil.

Following the pre-operational phase, the FPSO will start full operation, with production from the Golfinho field contributing to Brazil's oil self-sufficiency, according to a Petrobras statement. It will also increase the company's portfolio of light oil, which has a greater commercial value than heavier crudes.

Full capacity for the FPSO translates to a total daily production capacity of 100,000 bbl of oil and 3.5 million cu m of gas. The company expects to reach full capacity before the end of 2006.

5/8/2006