Rio Grande to Start Dry Dock Construction in October

Brazilian shipyard Rio Grande plans to start in October the construction of a 222mn-real (US$105mn) dry dock that will be used to build and maintain ships and oil rigs for federal energy company Petrobras (NYSE: PBR), the latter said in a statement.

Rio Grande will build the dry dock in the port town of Rio Grande in Brazil's southernmost state of Rio Grande do Sul. Construction will run for two years.

The dock will measure 140 x 130 meters with a sea-gauge of 13.8 meters.

Petrobras has orders for the dry dock for 12 years, which could include construction of the P-55 floating production, storage and offloading vessel (FPSO) and P-56 production unit that would be used for the Campos basin, the company said.

Petrobras plans to launch tenders for the new offshore oil production units before year-end.

Local group WTorres controls the Rio Grande shipyard.

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