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Petrobras Selects Platform Design

Maritime Activity Reports, Inc.

December 18, 2007

Petrobras have selected an Aker Kvaerner design for the hull of its new semisubmersible production platform to be located offshore Brazil, at the Marlim Sul deep water field development.

The design is a copy of the P-51 semisubmersible platform, developed by Aker Kvaerner for Petrobras in 2002. P-56 will be the third semisubmersible platform for Petrobras of this design. The new contract covers the additional licence as well as an option for utilizing technical assistance from Aker Kvaerner during the project.