Brazalta expects that this contract will strengthen the relationship with Petrobras, and benefit Brazalta as it moves forward and expands its operations in Brazil.
Mobilization of Second Drilling Rig and Service Rig
The Corporation also reports that BCH's second drilling rig - JR02, and the recently purchased service rig - SR101, have left port in Houston and are expected to arrive in Brazil in early March. JR02 is expected to be spud its first well in early May. SR101 will also be mobilized by early May and will begin well repair and well re-completion activities.
BrazAlta is a publicly traded Canadian based international oil and gas corporation with operations in Brazil, Northern Ireland and Canada.
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