Petrobras selects SKF for predictive maintenance

    Petrobras selects SKF
for predictive maintenance

SKF and Petroleo Brasileiro S/A - Petrobras - have signed a four-year
contract by which SKF Reliability Systems will provide a predictive
maintenance (PdM) program to keep rotating equipment on offshore
platforms producing efficiently.

Petrobras started several years ago to outsource its PdM program - data
collection, analysis and correction of problems - for machinery on 27
platforms at Bacia de Campos (Rio de Janeiro), Brazil, where petroleum
reserves are in basins as deep as 1,300 metres. Three local service
companies performed the predictive maintenance using SKF's portable data
collector/analysers.

Petrobras now has decided to select a new company as supplier and has
chosen SKF.

Goteborg, December 17, 2003
Aktiebolaget SKF
(publ.)

For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. [phone],
e-mail: [e-mail]
IR: Marita Bjork, SKF Investor Relations, tel. [phone], 
e-mail: [e-mail]
TECHNICAL PRESS: Colin Roberts, Group Technical Press, tel: [phone], 
e-mail: [e-mail]

Aktiebolaget SKF, SE-415 50 Goteborg, Sweden, tel. [phone],
fax [phone], www.skf.com