Petrobras to Build US$2bn Fixed Platform for Mexilhao

Brazil's federal energy company Petrobras (NYSE: PBR) will invest US$2bn to build a fixed platform to produce natural gas at the Campos basin's Mexilhao field by 2009, local press reported.

Singapore-Brazilian shipyard joint venture Maua-Jurong will build the platform, O Globo news service reported. Petrobras has not confirmed the information and Maua-Jurong officials could not be reached by BNamericas.

Petrobras officials already have announced the platform will be built in Rio de Janeiro and needs to be shipped to location off the coast of Sao Paulo state.

Mexilhao is at water depths of 172m and some 200km offshore.

Petrobras already has announced plans to invest US$18bn through 2015 to develop the basin.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

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