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Oil and Gas Energy News Update

Monday, June 6, 2011

Petrobras Board Approves Rig Construction Program

- Petrobras Board Approves Rig Construction Program

Monday, June 06, 2011
Rigzone Staff

Petrobras' Board of Directors has approved the bidding process for the construction of up to twenty-one drilling rigs to be built in Brazil. Drilling contractors that are awarded a contract to build a rig will also be awarded a contract with Petrobras for the chartering of the unit. Each participating company can bid to build as few as one rig or as many as twenty-one rigs. The drilling units must be built using local content as certified by the ANP.

This tender is part of Petrobras' overall strategy to hire up to twenty-eight new rigs to be built in Brazil for deepwater exploration primarily in pre-salt fields.

Earlier this year, Petrobras awarded a rig construction package to Sete Brasil for the construction of seven deepwater drillships. These rigs will be built by Estaleiro Atlantico Sul, a consortium made up of Samsung Heavy Industries, Queiroz Galvao and Camargo Correa.

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