Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Petrobras Cancels Tender to Buy 21 Offshore Rigs

change text size

SAO PAULO (Dow Jones Newswires), Dec. 22, 2011

Brazil's government-run oil company, Petroleo Brasileiro SA on Thursday said it has canceled a much-delayed tender to buy 21 offshore drill rigs, and will instead open direct negotiations with two suppliers.

"The company will immediately begin negotiations with the two proponents, Ocean Rig do Brasil Ltda and Sete Brasil Participacoes S.A., with the objective of securing the best conditions," Petrobras said in a statement.

Petrobras didn't provide any reasons for the change of plan. The drill rigs are scheduled to be built in Brazil.

Earlier this year, Petrobras signed a separate contract with Sete Brasil to build a lot of seven offshore drilling rigs. That deal was the first tender in a broader 28-rig order planned by the company.

Copyright (c) 2011 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Edmund Fitch | Dec. 23, 2011
Looks like Petrobras is finally waking to the cost of the operation they have and money doesnt gush out of oil wells.

Jim kennedy | Dec. 22, 2011
Petrobras need to just stay in the oil company business, let the contractors take the risks, maintain insuarance liabilities and supply rigs and crews, Ive been around a few oil companies that wanted to own their own rigs and was a disaster, with far less safety conditions and always a fight whom was in charge.


Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Rigwatch Technician
Expertise: Rig Electrician, Rig Instrument Tech
Location: Clearfield, PA
 
Drilling Engineer
Expertise: Drilling Engineering, Petroleum Engineering
Location: Denver, CO
 
Completions consultant
Expertise: Well Site Supervisor, Workover or Completion
Location: Midland, TX
 
search for more jobs