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JOGMEC and PETROBRAS signed the Specific Agreement of Feasibility
Study on Flexible pipe for oil production in pre-salt area

May 9, 2011

Japan Oil, Gas and Metals National Corporation
 
 Japan Oil, Gas and Metals National Corporation ("JOGMEC", President: Hirobumi Kawano, Head Office: Tokyo) is pleased to announce that it has signed a Specific Agreement with Brazilian international energy company Petroleo Brasileiro S.A.("PETROBRAS") on April 25 th 2011 to commence a Feasibility study on Flexible pipe for practical oil production in pre-salt area.
 
 JOGMEC and PETROBRAS entered into a Memorandum of Understanding dated Dec, 16, 2005 for collaboration on mutual benefit oil and gas exploration and production activities, HSE related matters, and R&D activities of the oil and gas sector.
 
 The first collaborative research study on Mono-Column Hull (Cylinder shape) FPSO (Floating, Production, Storage and Offloading) system, was started in 2006 and it was finished successfully with excellent and fruitful results. This feasibility study on Flexible pipe is the second collaborative study.
 
 This feasibility study on Flexible pipe will be conducted by a Japanese consortium consisted of Furukawa Electric Co., Ltd. and other companies and the scope of this study is to develop the Flexible pipe for offshore oil production in ultra deep waters for the pre-salt area in Brazil. The term of this feasibility study is December, 2014. 
 
 Once this project be technically validated, it will be evaluated the opportunity to establish a factory in Brazil. 

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