Petrobras Board Approves Rig Construction Program

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 charter of the unit. Each company that participates can submit a proposal for one or more batches of one or more rigs, up to a total of twenty-one units. Certification of domestic content (products and services sourced in Brazil) will be a requirement, with minimum figures specified by the National Petroleum Agency (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 valued at Us $4.6 billion for the construction of seven deepwater drillships. These rigs will be built by Estaleiro Atlantico Sul, which is a consortium of Samsung Heavy Industries, Queiroz Galvao and Camargo Correa, with the first rig expected to be operational in 2015.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
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