Petrobras Cancels Ocean Rig Contracts

Petrobras reported Thursday it has cancelled the process of contracting five drilling rigs, capable of drilling in up to 9,842 feet (3,000 meters) of water, with the Ocean Rig Group.

This decision is based on the reduction of future needs for drilling, due to a fewer number of wells expected to be drilled in the pre-salt Santos Basin, relating to a higher productivity gained through the project wells in that area.

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Motorhand
Expertise: Motorman
Location: Anchorage, AK
 
DRILLER
Expertise: Driller
Location: Anchorage, AK
 
DERRICKHAND
Expertise: Derrickman
Location: Anchorage, AK
 
search for more jobs

Brent Crude Oil : $54.15/BBL 8.19%
Light Crude Oil : $49.2/BBL 8.80%
Natural Gas : $2.689/MMBtu 1.13%
Updated in last 24 hours