Pursuant to Rule 13a-16 or 15d-16 of the
20035-900 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petroleum Discovery in the State of Espírito Santo
(Rio de Janeiro, October 01 , 2003). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a brazilian international energy company, as per existing legislation, and complementing the information sent previouly on August 5 and 11, 2003, informed the National Petroleum Agency - ANP on September 26, 2003, that it concluded two tests with postive oil recovery of 40 and 41 degrees API in well 1-ESS–130, located in Block BC-60, off the coast of the State of Espírito Santo.
Petrobras continues with evaluation studies to determine the economic feasibility of these hydrocarbon accumulations.
At the present technical stage the company cannot determine the precise volumes.
http: //www.petrobras.com.br/ri/english
Contacts:
Petróleo Brasileiro
S.A – PETROBRAS
Investor Relations Department
Luciana
Bastos de Freitas Rachid – Executive Manager
E-mail:
petroinvest@petrobras.com.br
Av. República do
Chile, 65 - 4th floor
20031-912 – Rio de
Janeiro, RJ
(55-21) 2534-1510 / 2534-9947
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
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PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
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By: |
/S/ José Sergio Gabrielli de Azevedo
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José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.