Brazil Petrobras continues work at Comperj after heavy rain

28 July 2009 16:10  [Source: ICIS news]

TORONTO (ICIS news)--Petrobras is pressing on with its $8.4bn (€5.9bn) Comperj petrochemicals production complex in Rio de Janeiro state after heavy rainfalls hindered work, the Brazil state oil and gas major said on Tuesday.

Rainfall in the Itaborai region had been well above average in past months, causing a partial halt in work as the budget to cover expenses for interruptions during the rainy season had run out, Petrobras said.

However, Petrobras had reached a term amendment with the project’s construction consortium that allowed for an additional 60 days in order for the work to be fully resumed with the nearly 3,700 workers involved in the project, it said.

“With this measure, Petrobras ensures the work will be continued until a new agreement is signed in the search for a solution that meets the interests of both parts,” it said.

Petrobras added that the partial halt was unrelated to possible questioning by Brazil’s federal court of auditors over the amount of money paid to the construction consortium.

The Comperj construction consortium included Andrade Gutierrez, Norberto Odebrecht and Queiroz Galvao, Petrobras said.

Comperj is expected to start up in 2012. Its basic petrochemical unit would process 150,000 bbl/day of oil to produce ethylene, propylene, paraxylene (PX), benzene and butadiene (BD).

($1 = €0.70)

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By: Stefan Baumgarten
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